Markets – Macro – Technicals

AAPL

This page tracks previous versions of $AAPL (Apple Computers). For the most up to date chart please see: $AAPL.

For access to other charts please visit Charts.
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July 3, 2017

$AAPL is below the 50MA and recent highs were made on negative divergences. As long as the stock remains below the 50MA price advances are suspect.

A break below the neckline targets a move toward gap fill and the 200MA:

July 2, 2017

$AAPL has shown weakness into quarter close. Indeed the quarterly chart shows a sizable rejection move as price has extended far above the quarterly upper Bollinger band. These type of moves have occurred before and, as the chart below highlights, have previously produced moves into the quarterly 15MA. As this is a long term chart these moves take time to unfold, but currently this MA sits at 106.5 and is rising.

A future reconnect with the 110-120 zone, dependent on the speed of any decline, can therefore not be a excluded as a possibility. This MA tag may then present a buying opportunity. A sustained move below would indicate a change in the major long term trend of the price action.

For further charts please click the image below:

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