APPLE SHARES AFTER SPLIT 4 FOR 1 HAS TAKEN EFFECTA AS MONDY, AUG 31, THE STOCK CONTINUE HEADING UP TO HIT $131 SO FAR
TECHNICALLY,IF PRICES MOVE ABOVE APROJECTED RISING CHANNEL LINE BY A SIGNIFICANT AMOUNT IT UGUALLY INDICATES A STERNGTHENING TREND, SO WE HAVE REDRAWED THE UP CHANNEL BECAUSE THE UPTREND IS ACCELERATING, I DO THINK APPLE SHOULD HIT $135 IN NEAR TERM BEFORE CONTINUE SURGING UP TOWARDS $150 BUT KEEP UR EYE ON, THE STOCK ON MEGA-OVERBOUGHT TERRITORIES
FUNDAMENTALLY:- THE AVERAGE 10.4% INCREASE AAPLE SHARES HAVE SEEN ACROSS ALL OF THE COMPANY‘S STOCK SPLIT,BUT MEGA BAINDS LIKE AAPLE THAT HAVE CARRIED OUT STOCK SPLIT HAVE SEEN THIER SHARES EXPLODE BY 33% WITHIN THE YEAR, LIKE 2014 WHEN IT INCREASED 36.4% ONE YEAR AFTER
ALSO LIKE THE 2014 SPLIT CONCURRED WITH THE I PHONE 6, THIS SPLIT COMES AS APPLE IS LAUNCHING THE I PHONE 12 LINEUP THIS FALL, THEY‘LL BE THE COMPANY‘S FIRST 5G SMART PHONES
ANOTHER FACTOR THAT COULD ENCOURAGE STRONG AAPLE POST SPLIT IS RETAIL TRADERS‘ACTIVITY BEING HEIGHTENED THIS YEAR AMID THE PANDEMIC
FOLLOING APP;E‘S 4 FOR 1 STOCK SPLIT WE‘D EXPECT NEAR TERM RETAIL DEMAND FOR APPLE SHARE TO INCREASE(RETAIL TRADERS HAVE ACCOUNTED FOR UP TO 25% OF STOCK MARKET ACTIVITY DURING THE PANDEMIC VS 10% IN 2019)
FINALLY, APPLE DELIVERED IMRRESSIVE RESULTS ON JULY 30 AS IT ANNOUNCED IN ITS THIRD QUARTER EARININGS
SO ALL THE FACTORS THAT HAVE BEEN MENTIONED BOOST MORE INVESTMENT LEADING TO POST SPLIT GAINS
