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Apple Inc. Technical Analysis

3/30/2023 10:00 AM

The shares of Apple Inc., the global giant in the development and sale of personal and tablet computers, are moving within a corrective trend at 160.00.

On the daily chart, the price is kept within the global sideways corridor with the boundaries of 127.00–177.00, forming another ascending wave that has overcome the middle of the range, having consolidated above the local high of 155.00.

On the four-hour chart, it can be seen that the quotes are growing within an ascending corridor with dynamic boundaries of 155.00–165.00. The next resistance is the initial trend of 61.8% on the Fibonacci extension around 164.00, consolidation above which will allow the asset to continue its positive dynamics.

Technical indicators confirm further growth: fast EMAs on the Alligator indicator are moving above the signal line, and the AO histogram is forming corrective bars above the transition level.

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