Quotes

Look back over the past, with its changing empires that rose and fell, and you can foresee the future too.

— Marcus Aurelius

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Thursday, November 15, 2018

Apple succumbs to gravity

Quick look at Apple Inc.

Huge stock for the market due to it's weighting in indices and as a company; a bell-weather for tech stocks.

What does the recent fall do to prospects for the future?
The monthly chart puts it into perspective - a HUGE rally, which is now correcting BIG question is where to?


Looking at the weekly for a closer look
Highlighted areas are horizontal price supports
Close to the first one and the up trend line, (the steeper one).  This is probably good for a short term bounce.


Now zoom in to the daily
A little more to the downside to really test the horizontal support at 180 approximately


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