Technical Analysis and Outlook
The Apple stock finished lower for the last three days plunging from of Key Resistance $222.50, and it is resting above Mean Support $190 and in ongoing outer Stock Dip $192.50.
This fulfillment would end a short-term bearishness, and the Dead-Cat-Bounce will advance the stock to about mid-range of the Stock Dip.
Once the stock completes its rebound the resume its descend mode and closing below Mean Support $190, this would confirm that a longer-term bearishness is very real indeed.
The Apple stock finished lower for the last three days plunging from of Key Resistance $222.50, and it is resting above Mean Support $190 and in ongoing outer Stock Dip $192.50.
This fulfillment would end a short-term bearishness, and the Dead-Cat-Bounce will advance the stock to about mid-range of the Stock Dip.
Once the stock completes its rebound the resume its descend mode and closing below Mean Support $190, this would confirm that a longer-term bearishness is very real indeed.
Comment:
November 13
Apple Stock Dip $192.50 is about to be hit. Monday's rout has been initiated by a company known as LITE (Lumentum Holdings), which dropped 30% only because its largest customer Apple had canceled parts which were on a purchase order for the fourth quarter. See 'Stock Market' tab for Market Commentary.
Apple Stock Dip $192.50 is about to be hit. Monday's rout has been initiated by a company known as LITE (Lumentum Holdings), which dropped 30% only because its largest customer Apple had canceled parts which were on a purchase order for the fourth quarter. See 'Stock Market' tab for Market Commentary.
See 'Indices Market' for Market Commentary