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Apple Inc (AAPL) “On a long-term technical basis, the stock (AAPL) is trading above its 200-day moving average which generally implies it is in a positive trend. However, the stock has recently broken down through an important fibonacci fan trendline at 115.19 suggesting the next support level is at 103.32. This weakness suggests the long-term uptrend is turning neutral.
The stock has support at 103.32 and 93.10. If the stock breaks down through support at 103.32 then it will probably continue lower to 93.10. The stock will meet resistance at 113.78 and 137.98. If the stock breaks up through resistance at 113.78 then it will probably continue higher to 137.98. The 200-day moving average is at 86.36. This will also act as support. The stock is neutral according to the Stochastic Indicator (48.84).”
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