Apple Inc. (NASDAQ:AAPL): Apple may be heading down to retest its 200-day EMA


 

Apple stock got downgraded this week by Barclays and Piper Sandler on concerns about iPhone sales. The stock has pulled back to test the trendline support, ~ $182...the NOV 10 breakout-retest. The stock is already oversold (RSI = 29.84) and could bounce off from here. Be aware that the stock could head down further to retest either the $180 support level or its 200-day EMA, if the trendline support can't hold.

This note contained herein is our opinion and should not be construed as a recommendation to buy or sell. Click here toview the latest update!


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