AAPL: Apple's rebound rally running into resistance at the top end of the weekly Cloud Chart (CC) resistance zone!
Consolidation risk remain high here at 156 if resistance holds. Downside risk towards the 144 front end cloud chart support zone, and 140 the TL of the CC.
A sustained high volume breakout past the top end Cloud Chart resistance zone will change the CC outlook to bullish from bearish. Price action needs to be above the top end CC resistance zone for the outlook to change to bullish on the CC.
Consolidation risk remain high at these levels!
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