A quick look at Friday: Apple ended Thursday's session at $145.91. Friday started with an increase to $151.11, but dropped back and closed at $151.03.
Apple made an initial breakout above its 21 day Simple Moving Average at $150.46, a potential indicator of a newly emerging bullish phase. In contrast, Apple could be slowing down soon as it approaches resistance at $152.32. Of course, crossing it might suggest further gains are ahead.
Overall, looking at the technical analysis landscape, it seems Apple might continue pointing upwards in the short term.
This rally in Apple's share price coincided with other technology stocks as Sony Group Corporation was up 2.88%. Adobe gained 3.16%, as it traded at $344.04. Oracle was up 2.62%.
The mobile and tech colossus has gained 21.64% since its lowest print of $125 earlier this year.