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Apple Retrace Begins: Here's The Target

Published 08/20/2018, 02:41 PM
Updated 05/14/2017, 06:45 AM

Shares of Apple (NASDAQ:AAPL) started the week with a surge higher. Since earnings, Apple has soared 15%, passing the $1 trillion mark. With the stock now at extreme overbought levels, smart investors are on the short side. As of noon on Monday, the stock had turned negative, falling approximately $3 from the highs. This reversal day signals the beginning of a retrace of the recent gains. Pro traders expect a pullback to the $200 level, a return to the uptrend trend line. Once this happens, the stock should find footing once again.

Daily Apple

Latest comments

Wow!! One down day and all of sudden it is going down to 200...smh
Hilarious.
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