Apple hit a new all-time high of $182.93 on the 4th of January, 2022. Long-term Apple investors were able to benefit substantially from the new all-time high. The rally to the all-time high could not be sustained for long as the price of $AAPL slumped to a support level at $150.80. This could have been a result of the ongoing war between Russia and Ukraine; or the increase in inflation rate in the US. Over the last decade, $AAPL share price has been on a bullish run with few price corrections. Late into January and the whole of February 2022, there was a correction in Apple’s share price but this dip did not terminate the bullish streak.
Since mid-March 2022, the $AAPL bulls began to push price higher after an inverted hammer was formed on the 14th of March, 2022. The price of $AAPL closed at $149.66 on the day the inverted hammer was formed. The second and third week of March 2022 have shown that the bulls are about to push the price to a new all-time high in the next quarter. On the week of the 26th of March, $AAPL closed at $174.72, which was over a $25 increase in the price of Apple shares. This recent bullish trend is giving investors confidence in Apple as they hope that the price continues its rally.
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