AAPL In Breakdown Entering The New Year

posted in: AAPL | 0

A couple weeks ago we pointed out the technical damage in the AAPL chart and mused that a brief bounce was in store before a much larger decline would begin in the new year. We may have been too optimistic as  AAPL couldn’t even reach the $110 level on the bounce and the decline of the last couple of trading sessions has breached key technical levels – AAPL is in breakdown entering 2016:


AAPL (Daily)


 The breakdown targets a move lower down to the low $90s. Given this technical breakdown the first week of the new year takes on added importance.