Technical Analysis on AAPL

1moredrink
2023-07-11

$Apple(AAPL)$ Rebalance is a quadratic root of the second derivative that will cause money to flow in on the index at a proportional amount that may only be a factor in the early stages of the integral trigonometric momentum indicator.

By the way, AAPL has been leading the market over the past couple of months after running more than 55% from its recent bottom and hitting that mythic $3 trillion dollar market cap.

For the past two months AAPL has been trading within a clear upward channel clearly respecting the top and bottom of the trend. AAPL has been making a series of higher lows and higher highs while making slight pullbacks to key demand levels.

Last several weeks AAPL finally broke up from the wedge pattern on the hourly to finally head up to test the top of the channel trend again. After the gap up and run last week AAPL is starting to look overextended on the hourly while we are also spotting a possible bearish divergence in the RSI forming.

If it fails to hold the 21 EMA here my trailing stop at $185.00 will take me out of this trade. It's been a nice run though.

At least the momentum is beneficial to the development in the future. Wait and the luck in the near place.

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