Apple (AAPL) August 12

APPLE shares found strong resistance on their 200-day SMA, which coincides with the 1st fib-level (chart), yesteday and crashed. Buyers need to be very cautious as there is a great probability for AAPL to retest its August and half-year low @ $111.59. Downtrend intact.

AAPL daily (3 months):

aapl

Chart: http://www.Stockcharts.com

Petros Steriotis