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…