$AAPL TOP 20
Added 2023-04-17 02:51:38 +0000 UTCA lot of eyes are on this and rightly so, I have no doubt that if this can break above these trend lines and hold above, the bull case for the market is confirmed in the short term, so this will not only be bullish for $AAPL but bullish for the market.
Likewise, a second rejection and this will come down and the market needs to comprehend whether or not it can be bullish if its star pupil will be declining for the next few months.
So far what we know, the price action has tested the first trend line and rejected, pulled back and has attempted again, just held short but it is not a rejection yet. The RSI is not helping things either, it has showed that it has topped out but we can also see an ascending higher low too, so both cases are still valid here.
So What Now?
I think the market will decide early in the week which direction this will take, important earnings this week too, I don't see any position here until the direction is decided.
