Apple: A Big Bearish Rejection (Technical Analysis)

Summary:

  • Apple’s stock has experienced a significant technical rejection, one of the most important technical signals in years.
  • The stock failed to continue upward after breaking out to new highs, signaling a potential shift in momentum to the downside for the time being.
  • Factors such as slowing revenue growth and high valuation may be contributing to the lack of new buyers entering the stock.

MacBook pro 2021 half-open with iPhone 13 lit by the retina display

Wirestock

Countless digital ink has been spilled over the last few weeks about the state of Apple (NASDAQ:AAPL), the company’s new iPhone line, and how the valuation looks in today’s market.

However, comparatively little has been said about a massive


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