Apple declines within positive pattern - Analysis - 27-04-2017

Apple's stock (AAPL) fell in the intraday levels, recording a loss of 0.59% in the last session, or 0.85 points, as the stock tries to gather positive momentum to help it rise again, while trading within a positive technical pattern that's forming currently, the Rising Triangle pattern as shown in the attached chart, amid ongoing positive pressure from the SMA for the last 50 days period, with an influx of positive signals from relative power indicators. 

Therefore we expect the stock to return higher in the coming trading, provided it pierces the ceiling of that positive pattern at 144.49, targeting thereafter the resistance of 150.64 as a price target for that forming pattern.