APPL, probably was the strongest large cap tech stock on Friday. It reclaimed above the short term down trend as indicated by the two blue downtrend lines and is now slightly above the second downtrend line. It s still well below the 1 05 neck line of the head and shoulders pattern, which it can get to before or after earnings. It will be important to observe how the stock reacts around that area. In addition, the stock did show relative RSI divergence in the short term as indicated by the RSI below.
