Slight concerns for Apple as momentum indicators point to a possible shift in the near term. Shares are also down almost 2.5% in the pre-market following news on a possible decline in iPhone 16 sales compared to iPhone 15 YoY. As of right now, shares are trading at a price of around $216.98 a share. Following the price moving predominantly sideways throughout last week, there is now the possibility that the August high of $232.91 was a lower high. Technically speaking, this suggests that the downside could be likely. We can see there is some support around $212.36 for the near term and the technical indicators look like they are starting to falter. The MACD may potentially turn bearish this week and the RSI has now declined to 56. However, still just positive. A fall below $212.36 could lead to a re-test of the August low of $196.38. Towards the upside, only a move above $232.91 could rule out the lower high scenario perhaps re-testing the all-time high of $237.20.