Apple Inc. (NASDAQ: AAPL)

Apple Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players to consumers, small and mid-sized businesses, education, and enterprise and government customers worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications. The company sells and delivers digital content and applications through the iTunes Store, App Store, iBooks Store, Mac App Store, and Apple Music.
Take a look at the 1-year chart of Apple (NASDAQ: AAPL) below with my added notations:

AAPL has been trending lower since its peak back in July. Over that time, the stock has formed an important trend line of resistance (red). Any (2) points can start a trend line, but it’s the 3rd test and beyond that confirm its importance. So, AAPL definitely seems to have an important trendline of resistance, which currently sits right around $110. A break above that line should mean higher prices, overall, for the stock.

The Tale of the Tape: AAPL is currently stuck under a down trending resistance. A break above that resistance should mean higher prices for the stock, thus a long trade could be made. Short traders might look to enter a trade at the resistance.