Markets have been flying, breaking a new record almost daily these days. Extremely bullish markets have pushed Apple share price to the all time highs; $156.80. Since then Apple had a bit of a correction; the share price fell close to 10% in 2 working days to $141. We are yet to see any significant sing for the recovery.
Apple is trading around 146$ now. So shall we expect a further drop on the share price?
We have to say markets are extremely over-heated right now and the sell pressure can start very soon. However we still see a bit of an increase on the apple share price. Although we don’t expect any new “All time highs”, our target price for the AAPL share is 151$ – 152$.
This cannot be considered an investment advice!!!