Hello Traders, welcome to this free and educational multi-timeframe technical analysis . Over the past couple of weeks Apple stock had a quite nice pump towards the upside, again rejecting a massive weekly previous support zone , so this recent rally was definitely not unexpected. Currently we are quite overextended towards the upside and also retesting a...
showing technical analysis of AAPL how it forming into a nice pattern to trade.
Apple has formed a bullish pennant pattern and is looking to breakout very soon! Look for $155 in the near future.
$AAPL shares still have room to run in this momentum rally. It should be a quick final move up then snap back reversal once the target is tagged.