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Fan Yang

What are the Next Key Support Levels for Apple (AAPL)?

As Apple (AAPL) slides, we have been monitoring key potental support levels. We noted a confluence of support factors around 155, but AAPL broke below these during the 9/21 session.

AAPL Daily Chart

(click to enlarge)

Next Support Levels:
- 155 was a key level for a bullish trend. Now we might see AAPL in a more sideways market compared to price action in 2017 so far. 
- Still, since we don't consider AAPL bearish yet, except for the short-term, we should monitor the next key support levels.
- 148-150 area involves a key support/resistance pivot area. 
- Below 148, 142-142.50 is another key support pivot, as well as where the 200-day simple moving average resides. 

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