Apple falls despite negative pressures - Analysis - 20-03-2017

Apple's stock (AAPL) fell in the intraday levels, registering a loss of 0.5% in the last session, or 0.70 points, as the stock tries to gather positive momentum to help it rise again, amid an influx of positive signals from relative power indicators, after reaching extremely oversold levels compared to the stock's downward movement, with the dominance of the main upward short-term trend along the trend line, coupled with ongoing positive pressure from the SMA for the last 50 days period. 

Therefore we expect the stock to return higher in the coming trading, provided it settles above 140.09, targeting the resistance of 146.51.