Quick idea.
Last week, the Apple Inc common stock hit its all-time high near the 323.33 level. But yesterday, the stock opened with a large gap to the downside, which it failed to fill during its trading hours. In addition to that, the share price broke and closed a below a short-term upside line drawn from the lowest point of December.
For now, the short-term outlook looks slightly bearish, but we will keep a close eye on the earnings, released tonight after the US closing bell.
Please see the chart for levels, targets and the alternative scenario.
Don't forget your stop-loss.
Last week, the Apple Inc common stock hit its all-time high near the 323.33 level. But yesterday, the stock opened with a large gap to the downside, which it failed to fill during its trading hours. In addition to that, the share price broke and closed a below a short-term upside line drawn from the lowest point of December.
For now, the short-term outlook looks slightly bearish, but we will keep a close eye on the earnings, released tonight after the US closing bell.
Please see the chart for levels, targets and the alternative scenario.
Don't forget your stop-loss.
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