Original title: Apple IncThe stock price hit an all-time high again! Technical analyst: Apple may have 10% room to rise.

Source: FX168

Apple Inc's share price hit another all-time high on Wednesday, with a technical analyst saying Apple Inc still has 10 per cent room to rise.

Katie Stockton, an analyst at Fairlead Strategies, said that Apple Inc's share price still has a lot of room to rise after confirming that it has broken through the record high.

Apple Inc's share price is targeted at $168, which is likely to rise 10 per cent from Tuesday's closing price, Stockton said in a report on Wednesday.

According to the report, after decisively breaking through the key resistance level of $150, Stockton believes that Apple Inc will be supported at this level. Stockton said that level could be a better support level than the 50-day moving average, which is currently around $145.

(Apple Inc stock price chart Source: BusinessInsider)

The strong trend of Apple Inc's share price has made Stockton bullish on the technology sector as a whole, and Stockton believes the S & P 600 information technology index will perform stronger than the S & P 500.

September is usually a busy month for Apple Inc, as the company launches new iPhone at high-profile events.

Although Apple Inc's September invitation hasn't been sent yet, rumors about what the iPhone 13 series might offer are simmering. Potential features include a better camera, eliminating front screen grooves, and satellite connections for emergency purposes.

Wedbush, the US investment bank, had expected strong demand for iPhone 13, with total iPhone production between 130 million and 150 million.

Apple Inc shares rose as much as 2% on Wednesday to an all-time high of $154.98. The stock has risen 16 per cent so far this year.