Apple (AAPL) technical preview for March 24, 2015

Day of indecision for AAPL shares on Monday as they opened with a gap up but lacked momentum and traded within a small open-to-close daily range. The previous two consecutive red candles that closed on their lows make me sceptical about current upside potential. The stock is trading along its 20-day SMA, showing some indecision.

AAPL daily chart (3 months):

aapl

Chart courtesy of http://www.StockCharts.com

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