Apple Inc

MORE BLOOD TO COME?? ($APPL Technical Analysis)

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snapshot

AAPL has been incredibly oversold leading into its new 52 week low established today. I highlighted a couple key points to watch for in the weekly time-frame.

AAPL's next support is the first demand zone (first purple box). That coincides with the downwards channel AAPL is following since the beginning of 2022. The main key point is seeing continuation in the pattern where APPL should bounce on the support since the RSI is reaching oversold territory (Circled area). If APPL breaks this key point/area the next supports are marked. The price action that will validate a bounce or a break will be found Feb. 13 in 2023.

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