Apple: Upward Channel or Rising Broadening Wedge

Mar 8, 2018

Apple is currently in an overall upward trend. It's a range with a series of increasingly taller triple tops, but both the overall low's and high's are going up. However, when drawing the lines, I noticed that it is forming a very slight wedge. If the disparitities between the high and low trend lines increase further, Apple could be bearish. Until then, investors are encouraged to sell while the stock is topping and buy after corrections.