Apple briefly set a new high yesterday of $184.95. Currently, its stock is trading at around $178.76 in pre-market trading.

Taking a look at what some call the ‘king of tech’, Apple’s shares are trading at around $178.76 a share in pre-market trading. Yet another brilliant gainer this year, Apple’s shares have briefly broken above its previous all-time high in yesterday’s session, setting a new high of $184.95. The previous high was resting at $183.42, highlighted by the orange oval. However, the price is yet to close above it, so until then, that remains as the key resistance point. A close above it could see the price head higher towards $190 a share. Towards the down support sits at $175.15, which can be found along the trendline. Due to the sharp rise, some profit taking may take place. Hence, there is a possibility of a slight retracement testing the support below. A break below the trendline may see the price fall lower towards $170.07 and even $162.70. But for the time being, the bias remains bullish. Over to the technical indicators, MACD remains positive and so is the RSI as it reads 68. The RSI has faltered slightly since yesterday as it was suggesting that the stock is overbought.