Apple Inc - Daily

The upside could be limited in the short term as resistance is above.

Apple is down 26% from ATH with the chart showing a large pullback possibly filling a slight gap at the $130 level. Price currently sits at $150 and has recently gapped out of its descending channel and breached the major lower trend-line which has been supporting the stock since mid-2020 however price is currently closing that gap which could see a major move upwards to the $180 level. RSI bounced off the 30 level nicely possibly causing the 13% rally that we have seen over the past week. Next area of interest is the $180 upper trendline followed a pullback to $160 followed by a potential run on the ATH.