Apple tries to garner positive momentum - Analysis - 13-09-2017

Apple's stock (AAPL) fell in the intraday levels, registering a loss of 0.40% in the last session, or 0.64% in the last session, after hitting an intraday high at 163.96, bouncing off it lower and turning the gains into losses before the close, with positive pressure from the 50-day SMA, while trading within an ascending price channel that limited recent short-term trading, with a noticeable rise in trading volumes. 

Therefore we expect the stock to return higher, targeting the resistance of 165.06. 

To review detailed report about releasing the new iPhone X and longer term technical overview, please check this report.