TradingKey – Apple (NASDAQ: AAPL) ended its June 29 session with a +3.14% gain at $283.78, climbing back above the 0.618 Fibonacci retracement level of $272.99 and its rising trendline following the June 25 selloff that followed the announcement of higher Mac and iPad pricing driven by the shortage of computer memory. The stock has bounced back by about $8.63 in three sessions, with green candles trading on increased volume showing participation from institutional buyers at the area where the trendline and Fibonacci meet. 

The RSI is at 46.39, showing no overbought signal or bearish divergence and with room to move higher. The bigger backdrop, which lifted the stock from the $245 low to the $317 high, was Apple’s record-setting Q2…