An Update on $AAPL

$AAPL

This was a noteworthy week for the AAPL 0.00%↑ chart, so a follow-up post seems in order.

Original post May 21, ‘23 - https://732charts.substack.com/p/aapl-resistance-ahead

Here’s the current look -

We know that what I was watching for in May did not materialize. AAPL 0.00%↑ blew through the Jan ‘22 all-time highs on its way to just under $200 a few weeks ago. However, a drop this week after earnings has price hovering near that previously identified level at $182. What we’ll learn this coming week is whether this setup is a BRB (breakout, retest, bounce), or just a a failed breakout (below $182). That will guide the direction of future trades in the name.