AAPL Shows Bearish Signs with Divergence and Double Top
AAPL has shown signs of weakness according to KuCoin.
The weekly RSI (Relative Strength Index) for Apple stock is experiencing a bearish divergence, which could indicate a potential decline in price.
This divergence occurs when the stock's price continues to rise while its RSI fails to follow suit, indicating a possible reversal of trend.
A double top formation has also been identified on the chart, which further supports the notion that Apple's stock may be due for a correction.