Apple: Recovery?Apple Inc.NASDAQ:AAPLHKCM_GlobalAfter AAPL recently had to absorb sharp pullbacks, it now appears to be in a short-term recovery phase. This is reflected specifically in a narrow trading range. During this trading week, the share price moved within a range of roughly 3.5%. We currently place AAPL in an internal interim correction, which still has a bit more downside room but should end well above the support at $245.09. After that, further gains should follow, allowing the ongoing upward cycle to conclude at new all-time highs above the resistance at $317.40. In our short-term alternative scenario, the share price would already have established a higher-level cycle top with the peak at $317.40 and would then decline below the support at $245.09, entering a new bearish phase. Probability: 33%.