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Technology Stocks : Apple Inc.
AAPL 137.59+0.2%May 20 4:00 PM EDT

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From: Henry J Costanzo5/29/2020 9:50:50 PM
7 Recommendations

Recommended By
J.F. Sebastian

and 2 more members

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TA update:

Although prices reached 324.24, closely approaching the 326.34 alltime record high, they remained basically flat this week....while holding in the upper range of the 2 short-term EMAs, as well as the accelerated uptrend support area from the mid-Apr low, just below the 325ish horizontal resistance area and the recently activated measured move towards 340ish..

I would call attention to the fact that the strength of the current rally has been such as to move the RSI/14 into indicating a considerably overbought condition here..thereby suggesting a potentially sideways consolidation ahead. (Having said that, however, I am not prepared to abandon my previous speculation regarding the correlation between the broad $SPX Index and its weightiest leading component issue)..
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