AAPL Apple Weekly Chart

AAPL Apple weekly chart from a longer term perspective. The technicals; overbot conditions, rising wedge and negative divergence, spanked down price just as expected. Price is now fighting to hold the 20 week MA, 337.25, as support, but it is failing. Price has already lost the lower trend line which was in place for two glorious years of fun. This is pivotal signaling that the punchbowl is empty now and the party is over. Even a recovery in price for a potential M Top will not help. Price projection is sideways to sideways down thru summer time.

Keep an eye on the 50% levels for both the RSI and stochastics. If the 50% levels fail, then price is definitely heading lower in the near term. If the 50% levels hold, price can move along sideways, but the inevitability is weaker action as the year moves along. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.