Author: Micah Lamar

Looking at the MACD… it’s looking bullish. But again, with the recent bankings news… I’m keeping an eye on that $157 mark. 

Right now, Apple seems to be stuck in a channel, between $155/$157 and $147. The sideways trend for AAPL will likely continue for the next few weeks.

MACD pointing to an imminent pullback in Apple stock.

I believe we’re entering phase 2 of a rounded bottom pattern for AAPL… where the stock goes sideways to down.

Apple’s stock is in an interesting place. It’s come all the way from the bottom of its long-term channel… bouncing from about $124 all the way to $157 where it formed what we call a “double top”.  We still have a longer-degree channel that’s moving to the downside…