AAPL: Rising wedge and bearish momentum divergence
Key supports: 132 then 100
Rising wedge and bearish momentum divergence suggests the stock continue to consolidate in the rising wedge and test the 132 support near the lower wedge. A break below the wedge support could confirm the rising wedge top and. The wedge breakdown target is projected in the 100 area.
However, a reversal back above the 150 peak would negate the decline and extend the rising momentum to new highs toward the 180 area.