Will Apple resume bearish mood?
Apple shares have ceased their bearish mood last week and Apple is now trading at $106.90.
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If there's an upside attempt, the stock will find resistance at $110 while the previous high of $114.80 are the most significant obstacle in the short term for Apple and from where the weakness should be resumed.
Only with direct break above $114.80 will the weaknesses in question remain neglected and the bearish signals seen last week will remain cancelled, so we will see further recovery towards previous highs of $119-120 and even toward more ambitious front values.
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