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Apple Inc (AAPL) “On a long-term technical basis, the stock (AAPL) is trading below its 200-day moving average which implies it is in a negative trend.
The stock has support at 214.44 and 186.70. If the stock breaks down through support at 214.44 then it will probably continue lower to 186.70. The stock has resistance at 226.42 and 243.88. If the stock breaks up through resistance at 226.42 then it will probably continue higher to 243.88. The 200-day moving average is at 248.61. This will also act as resistance. The stock’s long-term uptrend has changed into a sideways or downtrend. In this case, the stock will either go sideways for a while or sell-off back to where it started prior to the latest big upmove. This is a risky time for the stock, so be careful. Use caution during times like these, as the stock will be more volatile. Pay close attention to the Short-Term and Daily Opinion. The stock is extremely oversold according to the Stochastic Indicator (12.87).”
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