themarketzone

If the 50 SMA won't hold price for falling.. 100 is next

NASDAQ:AAPL   Apple Inc
Now that $AAPL broke below the 200 SMA line (daily) as I thought it will, the 50 SMA line is what holding $AAPL from falling towards the 38.2 Fib near the 100$ zone.
If you are bullish (still??) I would target 125$ as potential target level and there to be very careful as it should act as strong resistance now.

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