AAPL has been in ascending price channel since August 2020. At the end of April we saw a retest of support where it temporarily broke through, tested the 200 ema, bounced, then broke back above the previous support line. I believe AAPL will remain in this channel and price will continue to rise with an eventual retest of resistance.
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AAPL broke through the established support line on Monday April 7th, since then it broke back above and has retested support 3 separate times which is a strong indication that AAPL will continue to remain in this price channel for the foreseeable future.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.