[VIDEO]: Apple stalling at range resistance ahead of earnings

Watch the 218.65 key pivotal resistance on Apple.

  •  Apple will report its Q3 fiscal 2019 earnings on next Tues, 30 Jul after the close of the U.S. session when consensus is pegged at $2.10 earnings per share that indicates a decline of 10.26% from a year ago at $2.34 EPS. 
  • From a technical analysis perspective, Apple is still evolving within a major “Symmetrical Triangle” range configuration in place since its all-time high of 233.47 printed on Oct 2018. 
  • The recent medium-term rally of 22% from its 03 Jun 2019 low has started to stall right at the “Symmetrical Triangle” resistance coupled with a bearish divergence signal seen in the daily RSI oscillator which represents a slowdown in upside momentum of price action.

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