AAPL: A DOWNSIDE PRICE TARGET BEGINS TAKING SHAPE

On October 7th, I posted a short-term analysis of AAPL stock price - as it sat above 650 - questioning the price structure, ultimately painting a bearish picture for the stock going forward.

As we are well into the second half of October, the stock price has sunk to below 610, threatening the 600 mark right before their earnings release this coming week. Here is a look at where AAPL may be looking to touch from a technical standpoint.

Don't get your panties in a bunch, but we still have a ways to go on the downside.

click chart to enlarge

AAPL

Author: admin

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