Apple (AAPL) Weekly Update : Ascending Channel

The AAPL chart shows a clear ascending channel, indicating a long-term uptrend with oscillations between support and resistance levels.

Bullish Case
Ascending Channel:

Price is moving within a well-defined ascending channel.

The lower trendline (~$210) acted as strong support during recent pullbacks, confirming the trend's integrity.

Indicators:

RSI: At ~55.81, it suggests room for further upside without being overbought.

Ichimoku Cloud: Price remains above the cloud, signaling bullish momentum.

Upside Target:

If AAPL continues its upward trajectory within the channel, resistance near $260–$270 becomes the next target.