Shares of Apple (AAPL) have been losing their post-earnings positive momentum this week, and are fading back below the top end of their rising channel uptrend line. There is little in the way of visible support within the channel parameters at this point, until the 50 day moving average near the lower end of the channel.
Chaikin money flow is still in positive territory but the MacD momentum oscillator has made a bearish crossover.
The Volume by Price bars identify previous levels of volume and is designed to identify future areas of support and resistance. They show that much of the volume over the seven month charted period occurred between the $160 and $152 levels. This confirms the visual evidence that suggests the stock could continue lower before it finds support near the channel bottom.