themarketzone

Broke major support last week - Is it a long term bearish signal

NASDAQ:AAPL   Apple Inc
$AAPL             declined last week below the 124$ support zone and closed below it. As we approach earnings , this could be a major bearish signal, possibly hinting about a shift in trend.
130$-133$ is now set as the top for $AAPL             and it is a potential sell zone should the price try to test it again.
Before that, $AAPL             will have resistance near 128$ and of course near 125$ (nearest resistance) assuming that the price will open below it.

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