Shares of Apple Inc., a giant in the development and sale of personal and tablet computers, are moving in a correction trend at 226.00.

On the daily chart, the price is within the Triangle pattern with narrowing boundaries of 235.00–220.00, approaching the resistance line.

On the four-hour chart, growth may continue since with the resistance line, the quotes may break the year’s high of 236.00, after which the next resistance level will be 250.00.

Technical indicators are preparing to give a buy signal: fast EMAs on the Alligator indicator are above the signal line, and the AO histogram is forming correction bars above the transition level.

Trading tips

Long positions may be opened after the price grows and consolidates above 233.00, with the target at 250.00 and stop loss 224.00. Implementation period: 7 days or more.

Short positions may be opened after the price declines and consolidates below 220.00, with the target at 198.00. Stop loss is above 230.00.