Apple (AAPL) technical analysis Jan 8, 2015

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):

aapl

Chart courtesy of StockCharts.com. http://stockcharts.com

Please read the Disclaimer!