Since early March this year AAPL has been choppy, no trend, just bouncing and consolidating around 128 above the 55 and 89 EMA's What I see here is that the moving averages are coming too close together and when that happens usually a big move comes after. As long as it keeps trading above the 55 and 89 EMA's it's OK, if not then the move will be to the downside.
Currently the momentum indicators are negative. An uptrend with negative momentum means the stock lacks energy. There are no new buyers and the moves we see are just by short term traders.
Shrinking Trading Range
Currently the momentum indicators are negative. An uptrend with negative momentum means the stock lacks energy. There are no new buyers and the moves we see are just by short term traders.
Shrinking Trading Range