VIDEO Apple stalling at range resistance ahead of earnings

Apple will report its Q3 fiscal 2019 earnings on next Tues, 30 Jul after the close of the U.S. session when consensus is pegged at $2.10 earnings per share that indicates a decline of 10.26% from a year ago at $2.34 EPS.
From a technical analysis perspective, Apple is still evolving within a major “Symmetrical Triangle” range configuration in place since its all-time high of 233.47 printed on Oct 2018.
The recent medium-term rally of 22% from its 03 Jun 2019 low has started to stall right at the “Symmetrical Triangle” resistance coupled with a bearish divergence signal seen in the daily RSI oscillator which represents a slowdown in upside momentum of price action.

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