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Apple Is Not A Leader

Apple last week found support at its 200-day moving average and reclaimed its 50-day line on Friday. It's not too far from a 137.17 cup-with-handle buy point. An aggressive trader might see AAPL stock as being on the cusp of an early entry from the 50-day line and breaking a downtrend in its handle. But the RS line for Apple stock is just off 2021 lows.