Apple Inc. (NASDAQ: AAPL) Started The Week Well

Apple shows strong development within a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The stock has broken a resistance level and given a positive signal for the long-term trading range. The stock has support at dollar 174 and resistance at dollar 196.

Price Momentum
AAPL is trading near the top of its 52-week range and above its 200-day simple moving average.

What does this mean?
Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.