AAPL - Bollinger Band Squeeze
$Apple(AAPL)$ - Bollinger Band Squeeze ➡️A big move is coming for Apple, signaled not only by the narrowing Bollinger Bands but also by a tight volume shelf. The question is, will this act as a launchpad?
Currently, the price action lacks conviction. While it's positive that the price is holding above the $199 support, the rejection at the $203 resistance is not encouraging. The Stochastic oscillator confirms this loss of momentum.
Upcoming Initial Jobless Claims and GDP data should act as a catalyst tomorrow for the whole market. The outlook turns bullish above $203 and bearish below $199.
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