AAPL needs to get above $134 in order to begin a trend reversal
Powerful resistance is stifling AAPL's progress.
AAPL broke below our support zone and found support at the $130 level although we can go as low as $126.
RSI is oversold right now so we should get a bounce back in the next few trading days but the bear case is still in place until we breakthrough that descending resistance line.
Short Term Bear
Long Term Bull
AAPL broke below our support zone and found support at the $130 level although we can go as low as $126.
RSI is oversold right now so we should get a bounce back in the next few trading days but the bear case is still in place until we breakthrough that descending resistance line.
Short Term Bear
Long Term Bull
Comment:
Descending Wedge Forming = Bullish in the Mid Term