Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Apple shares ended trading on Monday lower by (-1.36 point) or (-1.46%) of the previous closure, comes after trading and stabilize below 96.65 level, as this level curbed the previous decline for the price before the share was able to pass it by last week trades, also after testing the resistance level 100.00 and then decline to stop at 96.65 as the lowest recorded level the week before, then it continued the decline passing this level, comes after facing the support area between 89.70 and 87.95 and rise, as the price was able to pass its previous recorded lowest level 92.43 registered at past January.
After the price was able to achieve the targeted level of the decline its recommended to wait for the price action to the current support 92.43, as if the price was able to pass it then the price’s next target will be the support level of 89.70, but if the current support held against the price’s decline it will push it to rise searching the nearest resistance.