Apple: The decisive moment

Apple, Daily

In the Daily timeframe, #APPLE stock underwent a general sell-off and fell to critical 61.8 Fibonacci support. At the same time, the price crossed the lower Bollinger line indicating oversold conditions, but the AO is pointing to increasing bearish sentiment.

• A fall below 221.0 will see price fall to 207.0;

• A rebound from support will bring the price back to 237.0;