Apple Could Be Squeezing Toward a Breakout With New Features Unveiled at WWDC

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Apple has been a frustrating stock for most of the year, but now it may be squeezing toward another rally.

The first pattern on today’s chart is its super-tight Bollinger bandwidth, which yesterday was the narrowest since December 2019. That could suggest price is overdue for a move.

But which way will it go? MACD just turned positive (the second pattern), which could indicate the move will be higher.

Third, AAPL has held its 200-day moving average. Notice the false breakdown below that line on Thursday…

For more, please click here to view the related idea and chart analysis on TradingView.

Apple (AAPL), daily chart with selected patterns, courtesy of TradingView.
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