Apple has been trading in a Rising Wedge Pattern for 397 days now and is currently testing resistance at the top of the wedge . While we do see squeezing at the top near resistance, which would normally be a bullish sign for break out, we are also seeing falling of momentum on the RSI and a continued rise in price which is usually a sign of weakness.
Judging by the drop in the RSI , rise in price and Apple is right at very strong resistance, it is likely that it will see some correction going forward.
Local Support ~$146
Last Support At Bottom Of Wedge ~$130-$133
Judging by the drop in the RSI , rise in price and Apple is right at very strong resistance, it is likely that it will see some correction going forward.
Local Support ~$146
Last Support At Bottom Of Wedge ~$130-$133