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Featured in Barron's

Apple Hits Multi-Month Point & Figure Target

by Mike Paulenoff, Mon August 6th, 2012

Be alerted when Mike posts an article

It took long enough, but it occurred nonetheless.

The April-June base-like pattern in Apple Inc. (AAPL) that triggered potential upside targets at 606 and 623, finally satisfied both objectives as AAPL trades above 623 today.

As long as AAPL remains above 616, the price structure could claw its way higher into the 628-630 area next.

At this juncture, purely from my AAPL Point & Figure Chart perspective, only a print of 616 will indicate that the up-move off of the prior pivot PF print low at 570 is over, and that a correction already is in progress.