AAPL breaks out
In the short term
Apple broke out of its sideways/ascending triangle formation on massive volume following earnings; the breakout occurred with a gap.
Since the stock has been trading in a steep rising channel under supporting volume (i.e. volume has been trending up as well) and we see no divergence on RSI, this indicates we could see a higher high.
An exhaustive new high could occur with an exhaustion gap, too.
We see new highs with massive divergence (i.e. RSI and volume are not supporting higher highs) on both the weekly and monthly charts. RSI values are not making new highs and volume is falling. That indicates that the higher levels are fragile; there are fewer and fewer buyers pushing the stock higher.
Watch out for the RSI... if it breaks below its lower trendline in the rising channel, it could be an indication of the uptrend reaching its end.