The first is based on the weekly cup and handle price pattern that was formed between end of 2012 and near mid-year of 2014. This weekly cup and handle price pattern has a 100% measured move price target between 109 and 110, and an 80% measured move price target near 104.
(click on the chart to enlarge)
The second is based on a daily bull pennant. This pennant was formed between May and June of 2014. The measured move price projection is slightly above the 101 level.
The third is the simple application of the Fibonacci retracement on the price action between June and the present. The Fibonacci 161% extension project a value near 102 while the 141% project a price level slightly above 100.
Take your pick, whichever one of the three technical analyses from above or any other technical analysis that might project a price above 100 for AAPL, they are all possibility only and not a certainty that AAPL will reach 100. As always, manage your risk and trade your plan.
