AAPL Analysis at 19 Jul 2013

AAPL daily chart
AAPL daily chart

AAPL is in unconfirmed bearish reversal stage with the last session showing black candle which engulfed the last 6 sessions, effectively wiping out the gains from those sessions in single session.

430.86 is the nearest overhead resistance, 422.84 is the nearest support.

If AAPL breaks below 422.84, the next support is at 414.84. Let’s see if 422.84 can hold the bears this week. Increasing volume in the last 2 sessions indicating possible continuation of bearish move this week.

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