The following is technical analysis on Apple Inc (AAPL) stock for December 17, 2012
Apple Inc AAPL Resistance, pivot & Support Levels – 12/17/2012
Resistance levels:
Pivot point:
Support levels:
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Apple Inc AAPL Resistance, pivot & Support Levels – 12/17/2012
Resistance levels:
Pivot point:
Support levels:
Paid Membership Membership Access.
As Apple's stock has fallen, analysts have slowly started dialing back expectations. Jefferies, UBS, and tonight, Citi, all cut their price targets on the stock.
All three are cutting for basically the same reason — Asian suppliers say Apple cut its orders for the iPhone 5 in the first quarter of the year. This suggests demand for the iPhone is not fantastic, though it's probably still good. The other reason is that the iPad Mini is eating into sales of the full sized iPad.
On Friday it closed at $509.79, a new low in this slump with huge volume.Apple has a new potential bearish pattern, levels to watch.There is a new potential bearish pattern developing.There is a new potential bearish pattern developing on the daily chart. That pattern is a bearish flag, has been formed by big volume last weeks. The pattern will not become active unless price breaks the top of the current bearish price channel, the flag, at the $590 area. If the pattern does trigger and completes, upside potential would be to the $635 area in earning area.I think long term buy will be coming soon but not now.The pattern would be voided if price instead breaks below the low of the bearish price channel, currently at the $555 to $505 area. Longer term stock has more down side coming days.Next short term support area is Membership Access. Apple Inc. (AAPL) should trade $700-$750 in 2013?. This is my one of the Top Pick for 2012.
Technical Analysis Stock Charts: Charts Below
60m chart
Daily chart
Weekly chart
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For the latest updates on the stock market, visit,
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All three are cutting for basically the same reason — Asian suppliers say Apple cut its orders for the iPhone 5 in the first quarter of the year. This suggests demand for the iPhone is not fantastic, though it's probably still good. The other reason is that the iPad Mini is eating into sales of the full sized iPad.
On Friday it closed at $509.79, a new low in this slump with huge volume.Apple has a new potential bearish pattern, levels to watch.There is a new potential bearish pattern developing.There is a new potential bearish pattern developing on the daily chart. That pattern is a bearish flag, has been formed by big volume last weeks. The pattern will not become active unless price breaks the top of the current bearish price channel, the flag, at the $590 area. If the pattern does trigger and completes, upside potential would be to the $635 area in earning area.I think long term buy will be coming soon but not now.The pattern would be voided if price instead breaks below the low of the bearish price channel, currently at the $555 to $505 area. Longer term stock has more down side coming days.Next short term support area is Membership Access. Apple Inc. (AAPL) should trade $700-$750 in 2013?. This is my one of the Top Pick for 2012.
Technical Analysis Stock Charts: Charts Below
60m chart
Daily chart
Weekly chart
For more Technical Analysis -Go Here
For the latest updates on the stock market, visit,
http://daytradingstock-blog.blogspot.com
