$AAPL TOP 20
Added 2023-04-23 14:15:30 +0000 UTCI have uploaded this chart during the week and not much has changed since last weeks chart too, apart from early signs of a rejection at the yellow resistance lines, it is also still in this ascending wedge, which is a bearish formation, $AAPL will not be issuing their earnings report until the following week.
RSI is showing a rejection at the 70 mark and the MACD has not committed to a direction yet, it is difficult for me to see a bull case here with this set up.
So What Now?
The question really now is, would I buy $AAPL here? and it is a very easy No for me, I know it is a very strong company but I don't see the value with buying $AAPL now at these extended prices, the set up is not a buy for me. If there is a clear rejection confirmed and this comes down to the bottom yellow trend line and into the bear case, I would certainly consider the value with buying but not at these prices.
