Fibonacci Retracement Levels: After its May surge, AAPL stock might encounter resistance around $190, a key Fibonacci retracement level (61.8%). Overcoming this hurdle could be challenging in such a short timeframe.
RSI: The Relative Strength Index (RSI) for AAPL might be nearing overbought territory. This suggests a potential pullback before another significant upward move.
These technical indicators suggest that while Apple's stock is on a positive trajectory, a short-term correction is a strong possibility before surpassing the $200 mark.
Let's see how the week unfolds and how AAPL reacts to WWDC news.
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