Apple Could Continue Up to $250
Apple (AAPL) rebounded from trend support at $190–200, surging 14.2% last week to $229. The move places the stock in the middle of its upward channel, with momentum strengthened by news that part of iPhone production will be relocated to the United States. This development adds a long-term bullish impulse, increasing the likelihood of continued gains toward trend resistance.
Buying at the current $225–230 range remains attractive, even though the stock is approaching its all-time high of $259, as it is still well below the trend resistance at $280. A reasonable stop-loss level could be placed at $199 to manage downside risk.
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