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What Now for AAPL?


The two-week plunge in Apple Inc. (AAPL) from 119.81 (Dec 7) to Friday's low at 105.81, violated key support at 111.50, and again at 110.00 amid daily momentum confirmation of the weakness, which suggests that AAPL, at the very least, will likely revisit 105.81 and possibly press close to 100 prior to a sustained rally effort.

At this juncture, only a close above 110 will begin to neutralize the still dominant, near-term negativity in AAPL.

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