APPLE: Rising Triangle

Apple, Daily

In the Daily timeframe, #APPLE has formed an ascending triangle pattern. The price reached an all-time high, and despite the bullish trend, a divergence formed in the RSI.

• If the bulls push the price above the resistance of 237, it will reach 262, corresponding to 161.8 Fibonacci;

• A bounce and break of the trendline will drop the stock to 222;