This is a rare sight.
AAPL has been lagging heavily while the major indices such as SPX and NDX breaking out making new ATHs.
Catching up time soon..?
AAPL WEEKLY BARS:
- Oscillator full-reset (oscillator came all the way down to the “OVERSOLD ZONE”) occurred in early May
- The oscillator has been steadily rising while the price has been consolidating
- AAPL is finally breaking out this week (see red arrows)–first time since April!
Similar to 2023-March, 2023-October, 2024-April, when the breakout occurs while the oscillator is rising (after a full-reset), AAPL tends to make a run for 2 months or so with short-term fluctuation along the way.
