Apple shares trying to pass the resistance - analysis - 27-05-2016

Apple shares ended Thursday trades higher about (  0.79 ) point or (0.79%)  from the previous closure, 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.

The stability of the mentioned supports led the price to rebound passing the level 92.43, as trading back above 92.43 level will push the price to rise again to retest the nearest resistance level such as 100.00, and trading below the mentioned support will push the price for a further decline in order to target the supports 87.95 and might extend.

Expected direction: a decline by the stability of the resistance level 100.00 to target 92.43 support level, as the stop loss recommended to be above 104.00 level