Zooming out on the daily chart
give us a better idea of what is going on long term. Since hitting an all time high of 135 in April 2015 the stock has been on a downward decline. So far support at around 92 has held three attempts at breaking indicating this is a very strong support. However, upward momentum is not fully back as each of the highs since the ATH
have been lower than the previous (marked in solid blue lines). The recent cross over of the 50/200 MA as well as the Stock RSI
indicators. Technically, this stock is giving mixed signals. If you do not already have a position in AAPL
I would recommend staying out until price break above the $112 resistance with heavy volume
and momentum, that would indicate a short-medium term bull
trend is intact. If price break down below the $92 support it would be further confirmation of a bear
trend that has been intact since July 2015 and would be a good time to sell.