apple computer inc AAPL has shown that it is not going to form the head and shoulders pattern that I posted previously. (Check the APPLE section) Scenario 1 seems to be taking place.
Recently, Morgan Stanley reiterate its bullish stance on apple computer inc. It even gave Apple a bullish target of $325, but I rather look at its $240 target for now. That $325 scenario is over optimistic, it assumes that IPAD is going to rock the future. However, personally, I doubt that the IPAD is going to be that popular. But apple computer inc never fails to surprise us with their product.
Anyway, the chart speaks a thousand words. AAPL has defied all odds, and with Morgan Stanley and many other analyst lining up to pump this stock, we as the small guys should join in the line and load up on AAPL. The support is at $180 should AAPL drops drastically. However, the upside is $240, and maybe even $280 in the near term. The reward-risk ratio is too good.
I am bullish on apple computer inc. AAPL is the tech stock to buy.
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