Apple Analysis: Jan 13, 2015

 | Jan 13, 2015 06:46AM ET

Apple Inc (NASDAQ:AAPL) shares retreated from their 7-day high on Monday, turning the daily trend down. As expected, 112.50 proved to be serious resistance to the market. A rebound and close above 110 would revive the bullish momentum. Yesterday’s close on the day’s lows is a harbinger of difficult sessions ahead.

AAPL, daily chart (3 months):