Apple (AAPL) Weekly Update : Ascending Channel
The AAPL chart shows a clear ascending channel, indicating a long-term uptrend with oscillations between support and resistance levels.
Bullish Case
Ascending Channel:
Price is moving within a well-defined ascending channel.
The lower trendline (~$210) acted as strong support during recent pullbacks, confirming the trend's integrity.
Indicators:
RSI: At ~55.81, it suggests room for further upside without being overbought.
Ichimoku Cloud: Price remains above the cloud, signaling bullish momentum.
Upside Target:
If AAPL continues its upward trajectory within the channel, resistance near $260–$270 becomes the next target.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.