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Benzinga
Benzinga
Business
Melanie Schaffer

Will Apple Stock Reverse Course Or Continue In This Pattern? Here's What's Happening

Apple

Apple Inc. (NASDAQ:AAPL) was leading the market higher at the open Wednesday, rising about 0.7% toward the median line of a descending channel pattern.

The tech giant has been trading in descending channel patterns on the daily chart, making lower lows and lower highs between two parallel trendlines. The pattern is bearish for the short term but can be bullish down the road.

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