“Biting into a sour apple” symbolises making decisions that are unpleasant but necessary. In this context it may well be the time for holders of Apple stock to consider hedging their positions. The stock closed at $311.23 on June 4th 20216.
A number of technical warning signs of momentum exhaustion are emerging. The MACD-V indicator is starting to roll over from a relatively high level. The 14 day relative strength index is at 66.5%, having broken its upward trendline.
The 61.8% Fibonacci upside projection target based on the 243.42 to 288.62 range traded between 3rd December 2025 and the 21st Jan 2026 comes in at $316.55 which is close to the recent high of $316.94.
Disclaimer
Our opinions are not a recommendation to buy or sell a security. Your decision whether or not to open a transaction should be based on your own due diligence and not on any representation we make to you.
