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Benzinga
Benzinga
Business
Melanie Schaffer

Is Apple Headed To $173 Next? What To Expect As The Stock Breaks Bullishly From This Pattern

Apple Nasdaq

Apple Inc. (NASDAQ:AAPL) was breaking up from a bull flag on Wednesday, spiking up over 2% higher and over the July 29 and Aug. 1 high-of-day.

The bull flag pattern is created with a sharp rise higher forming the pole, which is then followed by a consolidation pattern that brings the stock lower between a channel with parallel lines or into a tightening triangle pattern.

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