The Apple Chart Following Earnings

By | April 26, 2016

The weekly chart of Apple (AAPL) shows the stock making a head and shoulders top last year and then trading back down to key Fibonacci levels, measured off the 2013 low and the 2015 high.



The decline in the stock price after hours today following a disappointing earnings report has taken it back below the 38% retracement level to the $96.00 area. The next level of technical support is the 50% retracement level at $92.50, but things may change as the conference call progresses.

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