TradingView
novvoll12
Sep 25, 2021 8:48 PM

AAPL: Rising wedge and bearish momentum divergence  

Apple Inc.NASDAQ

Description

Key supports: 132 then 100

Rising wedge and bearish momentum divergence suggests the stock continue to consolidate in the rising wedge and test the 132 support near the lower wedge.
A break below the wedge support could confirm the rising wedge top and. The wedge breakdown target is projected in the 100 area.

However, a reversal back above the 150 peak would negate the decline and extend the rising momentum to new highs toward the 180 area.
More