AAPL's clear path to $4T market cap
Apple has been in this consolidation box for 1,190 days i.e., 3 yrs, 3 mos. It broke out on strong volume, followed through and then back-tested. What does this mean?
If we are still in mid-cycle in this long duration secular bull trend, and not late cycle, then this break-out has legs to go. Couple of fundamental catalysts: iPhone 16 super cycle, refreshed Watch, AI assistant and new wearables e.g., hearing aid.
The previous trading range peak to trough was 30%. If we were to assume the same trading range in this new peak trough, what would upper price be in this range? ~$258.
And what is the market cap if it hits this price? $4 trillion.