AAPL appears to be in another rising wedge and has broken the bottom trendline so the pattern is valid. AAPL is a strong stock and I think it will find support at a level within the wedge . It is not AAPL that puts itself in these bearish wedges , it is buyers who may need to chill, but how can one know? I get out soon after seeing the dreaded rising wedge but they do not always fall out in a timely fashion so you can ride one for a while and stay in the profit zone. I just always know that bearish rising and narrowing wedge is there and it makes me nervous )o:

AAPL always turns around after a pull back and a small pull back is healthy, wedge or no wedge .

I need to take a close look at MSFT next,

Rising wedges are bearish in the end and it can be a very long term pattern. I have seen 6 months or even a year's trend all contained in a fat rising wedge . The rising wedges with 2 steep slopes up and a very narrow apex seem to fall more quickly than the fat rising wedges . Rising wedges look like triangles but both trendlines slope up and narrow at the apex. Rising wedges interrupt supply and demand . And it does not matter how great the stock is, it will eventually fall out and break the bottom trendline. I see them on daily, but also I check for them on hourly. (I hate those things. LOL) It is like part of my trading plan to make sure I am not buying right in to one of those jokers cos they can cost me money. Sometimes they show up after I bought a security so then I have to deal with it. If there is one on hourly, I assume it will fall out much quicker (thus getting it over with so I can buy) than the ones I see on daily.
Rising wedges are a terminal pattern eventually, and as a rule they do fall even if a security breaks up and out of one, which does happen. This scenario just makes it take a while longer to break the bottom trendline. This pattern is not valid until the bottom trendline of the wedge is broken.

Price is riding the 50 SMA but all the moving averages I used are sloping up.

No recommendation.