Taking a look at Apple as the price is really starting to narrow in here, perhaps it may remain within a tight range until the earnings results are released. Currently, the stock’s shares are trading at around $224.49 a share in the pre-market with the share price down around 1% after Jefferies lowered the stock’s price target earlier today. We can see that in the near term, the 50-day moving average and the lower trendline of the triangle pattern drawn on the chart should provide support for the stock. The 50MA reads $222.64 followed by $220.60 (along the trendline). A break below the trendline would not necessarily suggest that a prolonged downward is underway as there is further support around $213.88. It should not be ruled out that $213 will not be tested in the coming weeks. Towards the upside, there’s some minor resistance around $227.90, but it’s the area of $222-$223 where the true resistance can be found. Only a break above here could lead to a re-test of the all-time high of $237.13. The MACD on this daily chart looks like it may turn bearish once again,  possibly weighing on the stock in the near term as investors may assume that momentum is somewhat fading.