Presidium Capital CIO Greg Harmon Says There Were No Technical Levels Which Indicated Apple Flash Crash

Speaking to Benzinga, Chartered Market Technician and Presidium Capital CIO Greg Harmon said he didn't see any definitive technical level or action which would have cause the steep decline in Apple Inc. AAPL share price Monday morning. Harmon did note the stock was overbought on the daily and weekly chart, so a rest to the relative strength index was nice. “On the 5-minute chart, the $114.50 level where it bounced (outside of the outrageous spike down) has significance, as it was a support area on the 19 of November, and the $116.25 area above acting as resistance, was prior support all of November 20 and 21.”