Apple (AAPL) Could Move to $170 Over Next Year and a Half - Technician (VIDEO)

After staging an impressive rally off the lows over the past few weeks, Apple (NASDAQ: AAPL) is flat Thursday following a disappointing outlook from its supplier Jabil. However, according to one market technician, the chart is pointing to a big move higher short and long-term.

"Momentum is in favor of the stock," Greg Harmon, founder and president of Dragonfly Capital, said Wednesday on CNBC's "Trading Nation."

The technician sees a "cup and handle" pattern, which predicts the move higher. Harmon sees the stock moving to $114 in the next three to four weeks. Risk to the move higher would be a break back below $100 he said.

Longer term he sees even greater upside. Harmon sees the stock moving to the $170 over the next year and a half.

VIDEO

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