Apple Wave Analysis – 27 April 2023

• Apple continues daily uptrend

• Likely to rise to resistance level 168.15

Apple recently reversed up from support trendline of the day up channel from March, intersecting with the 20-day moving average and the 38.2% Fibonacci correction of the upward impulse from March.

The upward reversal from theses support levels continues the minor c-wave of the active correction (ii) from January.

Given the clear daily uptrend, Apple can be expected to rise further toward the next resistance level 168.15 (which reversed the price earlier this month).