While Apple rises from ATH to the next ATH, the RSI - indicator has alreadey changed the tendency. And so we´re seeing a negative divergence between the price and the indicator - which is often an alarm signal, that a correction is in sight.
The stock is within a stable trend channel - but not far away form the lower level!
MACD is bullish - but the trigger line has changed the direction and could cross the signal line in the next days.
If Apple breaks the trend channel to the bottom a brief correction to prices around 100$ are possible.
On the other hand, if the support holds the stock could climb up to prices around 260$ - the next fib retracement at 1.618%.
Due to the initiatory analysis (negative divergence) the risk of a correction is actually high.
The stock is within a stable trend channel - but not far away form the lower level!
MACD is bullish - but the trigger line has changed the direction and could cross the signal line in the next days.
If Apple breaks the trend channel to the bottom a brief correction to prices around 100$ are possible.
On the other hand, if the support holds the stock could climb up to prices around 260$ - the next fib retracement at 1.618%.
Due to the initiatory analysis (negative divergence) the risk of a correction is actually high.