AAPL: Rising wedge and bearish momentum divergence
Key supports: 132 then 100
Rising wedge and bearish momentum divergence suggests the stock continue to consolidate in the rising wedge and test the 132 support near the lower wedge.
A break below the wedge support could confirm the rising wedge top and. The wedge breakdown target is projected in the 100 area.
However, a reversal back above the 150 peak would negate the decline and extend the rising momentum to new highs toward the 180 area.
Rising wedge and bearish momentum divergence suggests the stock continue to consolidate in the rising wedge and test the 132 support near the lower wedge.
A break below the wedge support could confirm the rising wedge top and. The wedge breakdown target is projected in the 100 area.
However, a reversal back above the 150 peak would negate the decline and extend the rising momentum to new highs toward the 180 area.
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