2020: Apple’s Leadership Cannot Be Ignored

2020: Apple’s Leadership Cannot Be Ignored

$AAPL

Apple Inc. (NASDAQ:AAPL) led the DJIA with a 86% gainer in Y 2019, and the most optimistic analyst right now is still seeing 20% upside potential for Apple in Y 2020.

The Big Q: Can the next iPhone release create that super-cycle of upgrades that analysts have been calling for?

The Big A: Adding growth is the new Apple TV and the apps and services within its own ecosystem.

Nevertheless, with such strong gains Apple’s consensus analyst target price has just not caught up with the stock.

If that consensus does not go higher in January, expect to see in a wave of target hikes or a sell-off, then Apple’s projected return would be -8% in Y 2020.

But if Apple can keep rising, that would actually add significantly to the overall expected DJIA gains for Y 2020.

HeffX-LTN’s overall technical outlook for AAPL is Very Bullish across the board, the resistance is None, and the support is strong at 261.86. The tech giant closed the year at 293.65.

Have a terrific New Year Holiday week

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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