If we look at Apple's (NASDAQ:AAPL) chart, we can see it was trading in an uptrend for the past week, climbing from $158 and reaching its 52-week high at $170 on Dec. 2.
Then followed by a brief sell-off driving the price back down to the $160, recovering some ground as it climbed up in the $164 price range, but ultimately it was forced back down to the $160.
The stock can find the closest support level at $158 and the closest overhead resistance at $165.Its last traded price was $161.79.
Today we could expect a move towards the $165 resistance level, as the support at $160 appears strong.
If, however, it doesn't manage to hold above the current price range, then a case can be made for moving below the $158 support level.