$Apple (AAPL.US)$broke up from a falling wedge on Oct. 6 and...

$Apple(AAPL.US)$broke up from a falling wedge on Oct. 6 and confirmed an uptrend, making a series of consistent higher highs and higher lows. The stock then banged into a heavy resistance level near the $152.40 mark and began to trade mostly sideways, unable to regain the level as support.

The multiple attempts to break through the level, followed by consolidation set Apple under a descending trendline, which can be retraced back to the Sept. 8 all-time high of $157.26. On Wednesday, Apple broke through the trendline on big bullish volume and conquered the heavy resistance zone above.