FX.co ★ Technical analysis on APPLE stock price for July 17th, 2023.

Red lines- bullish channel

AAPL stock price remains in a bullish trend making higher highs and higher lows. Price continues to trade inside the red upward sloping channel respecting the boundaries. So far we only had some warning signs but no reversal confirmation. Bulls remain in control of the near term trend. Support is at $187.40 and resistance at $192.62 and next at $199. If support at $187.40 fails to hold, AAPL stock price will be vulnerable to a move lower towards $175 and $163. Until then bulls remain in control.