200 MA and 50 MA (APPLE)
We closed below 200 MA (160) today. We could retest 50MA (155) when the market opens again. If that breaks, the market is looking really bearish.
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Personally, I am hoping for it to break below the support of 161 and 200 moving average at 160. If these 2 levels are breached, then Apply is looking bearish. We will then have a high chance of heading towards the gap at 157 to 159.
For me, I am hoping bears can push it further down to $155
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