How far could AAPL reach

It is not coincidence that recently reached peak for Apple have been limited by the long term channel resistance line. This resistance is strong and moderate pullback is likely (part of which we’ve already seen). Despite overall bullishness around AAPL the bearish case should not be ignored as 40+ percent gain year to date is bull concern. In that case $500-550 area, the trendline support level, is reachable. However if growth prospects stay intact the bull target of $750 should be on track.