Apple touches SMA resistance - Analysis - 17-07-2017

Apple's stock (AAPL) kept rising in the intraday levels, scoring a new profit of 0.86% in the last session, or 1.27 points, after touching the resistance of the 50-day SMA, coinciding with testing the important resistance of 149.71, as relative power indicators reached extremely overbought levels, while the stock gets hurt by exiting an ascending price channel that limited recent short-term trading. 

Therefore we expect the stock to return lower, as long as the resistance of 149.71 holds on, targeting the support of 144.77.