From the daily chart of AAPL, the price is currently under consolidation after reaching the level of its last high. Yesterday there was a big black candle which was longer than the two previous candles, it was a bearish engulfment.
MACD and EMA gave a bearish cross, showing a lack of momentum to break the last high. ADX is currently 24, telling us that the strong upwards trend has already gone. Shrink in volume further gives hints about investors' passsion towards AAPL.
Indicators all give bad signals to this stock, correction is expected. 20-day moving average has been a support of the price since Oct 2010, so we could expect that there would be support at the level of around 310. If it breaks, then 300 would be the next support.
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