Apple Back to 200 Day Moving Average?
AAPL has broken through 20 and 50 day MA. Currently Straddling 100 Day MA. If it holds, head toward new highs. If it breaks downward, next strongest support is $113 – 200 day MA. The head and shoulders formation leaves me feeling bearish.
I’ll look to add shares on an upward bounce to $115 and again at $110 off a bounce from $108 (strongest support past 6 months and my opinion of fair value for AAPL. I’d be surprised if it reached this low however)
*Just an idea. My opinion is not to be taken as investment advice.
GLTA
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