Market Overview

Apple Technical Alert: $100 Now Resistance Instead Of Support

Share:
Related AAPL
Samsung Introduced 10 Times The Number Of Models In 2016 Than Apple; Did It Translate To Market Share?
Intel's Market Share In Apple's iPhone 8 Could Hit 65% This Year
I Just Bought More Shares In Alphabet, And I Did It For The Dividend (Seeking Alpha)

Apple Inc. (NASDAQ: AAPL) shares are trading lower by $2.72 at $97.98 in Thursday's session. It is trading lower for the sixth day in a row. Over that time period, it has fallen from its December 29 close ($108.74) to its current level.

After bottoming at $99.87 on Wednesday, Apple bulls were hoping for a temporary low near the psychologically important level of $100. However, today's low beyond that level has turned $100 as a resistance level instead of support.

This morning's rally in the issue was abruptly ended at $100.13 and the issue is over $2 from it. At this time, it just bounced off $97.67 and is attempting to re-enter the $98 handle.

Posted-In: Premarket outlookTechnicals Intraday Update Movers Trading Ideas

 

Related Articles (AAPL)

View Comments and Join the Discussion!