A Great Moment to Trade Apple, However Two Scenarios Are Possible

The market continues to move in an upward direction within the green and yellow channels. It is likely that now we see a price increase in the direction of the upper bound of the green channel and the resistance level of 280.83. If the bulls reach the specified level and break it above, the price will open the way to the next resistance level of 316.08, which is near the upper wall of the yellow channel.

However, if we see a decline and the price goes below the moving average and the support level of 240.52, the market will continue to move down to the next support of 228.25. In case of breaking support level, the market may continue to move even lower to the support of 209.63, which is at the lower bound of the yellow channel.