Monday, December 17, 2012

Apple Shares Plumbing Recent Lows, Watch out if it Breaks

Apple's shares are currently plumbing the recent lows and are testing the high volume region established back on February 15. Traders may test the price low of about $497 established on this day. See the chart below.

Volume to the downside has been light relative to the February 15th benchmark. However, if Apple shares break the support line, regardless of the volume, the next stop for the price is likely to fill the gap above the $420 price point.


1 comment:

  1. There are certain plumbing problem that we can do ourselves but there are also that really needs a plumber, it's a good thing though that you didn't need one in this case....good job!!

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