Monday, January 11, 2016

AAPL Chart - 01/11/2016

After recognizing a short term wedge in Apple’s stock, I correctly predicted a drop in price back in mid December (here). Now we need to go back to a two-year chart to find some key support levels. It seems that the stock bounced off support at around $97. If this level fails to hold, we can expect a drop to $90, as seen in the below chart.