Apple bounces back without conviction – Chatborgne

Apple seems to be the least rebounder and today we see no signs of strength in its price series to suggest a recovery.

The company seems to want to slow down around $135, the price where it presents the first level of resistance.. That little bounce didn’t even come close to the 200-session average. This is a sign of the current lack of buying power.

As long as the price does not exceed $157.50, we should not be interested in the company. Below, the first level of support is at $124.17. Beware, if it abandons this price level, it is likely that we will end up seeing an extension of the falls towards the $100 level.

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