From a TA perspective, we can see Apple in a parallel channel. Price action bounced off a weekly level 124.55. After the first impulse bounce off the weekly, the retracement of the price action hits the .382 Fibonacci level (aka Dead cat bounce).
From a Fundamental perspective, Apple's World Wide Developer's Conference can be the catalyst to send the price a...
Looks like we are in a impulse wave of an Elliot wave count. Starting the impulse from the bounce off of .886 fib at 34332.
You can see we were in a nice channel when we put in the potential 3. Price dropped out of the channel and then back tested the channel for a drop.
This could be the potential 4 going up to 5 to complete the impulse wave. If so we can go...
Using the fix range indicator, we can see the price action is above the POC. Also using some fibonacci retracements we see a bounce off support of the .66 fib. On this chart we see a local range of the monthly level being support and daily level being resistance.
