Apple AAPL hit resistance. Zooming out to the monthly chart, Apple is at the top of a rising parallel channel that has defined its price action over the past six years. Based on this multi-year ceiling, the wide band between current levels and the upper boundary near $355 represents a highly sensitive area for strategic rebalancing. Following Apple's historic gains, a natural period of macro consolidation back toward the channel's mid-range at $256 or even the bottom at $208 would be entirely healthy. Such a move could offer a premier, low-risk accumulation window for long-term investors.(Ali Charts)