Market Analysis (25 May’21)

AAPL was a clear market leader in 2020 pushing the broader markets higher post March 2020. However, the stock has been in a consolidation mode since the September 2020 and now has formed a perfect symmetrical Triangle pattern.

AAPL, Big Consolidation

This pattern is considered technically neutral, however, it often leads to higher prices within a context of a strong bull market (nevertheless, it can also be a topping pattern leading to significant price drops). In any case, based on this pattern, it appears that the ongoing consolidation should be over within the next week or two. Then we can expect that the Big Triangle will result in a big price move in June-August.

AAPL, Big Move Is Around The Corner

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