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 broken down through an important fibonacci fan trendline at 110.77 suggesting the next level of support is 103.10. The long-term uptrend has now turned neutral.

The stock has support at 103.10 and 97.14. If the stock breaks down through support at 103.10 then it will probably continue lower to 97.14. The stock will meet resistance at 110.77 and 117.18. If the stock breaks up through resistance at 110.77 then it will probably continue higher to 117.18. The 200-day moving average is at 90.62. This will also act as support. If the stock closes below 97.14 a negative trend change is probable. The stock could fall to the 200-day moving average at 90.62. The stock is extremely oversold according to the Stochastic Indicator (22.54).”