APPLE retracement to take place

3 באוג׳ 2018

The price seems to have hit a top, now it is time for a retracement. The RSI is showing the price to be overextended, this can be seen by the value being above 70. I believe the price would retrace back down to the previous resistance level. Apple have had a brilliant year and has become the first business to be valued above 1T dollars and I believe over the long term apple is going to keep growing, but for now I believe they would see a slight retracement.