Apple: In A Downward Trend
Petros Steriotis | Jan 08, 2015 12:17AM ET
Apple Inc (NASDAQ:AAPL) share price is stuck between the 50-day and the 100-day SMA. The daily trend is still pointing downward though, as long as price is lower than $110. A daily close below $105 will set the long-term uptrend in danger and open the way to a test of $100, where the October 21 gap would also be filled. Wave analysis is also pointing to a retest of the $100 soon.
AAPL, daily chart (3 months):
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