Wednesday, October 7, 2015

Apple $AAPL Trading Strategies

What price levels are important right now for trading decisions in Apple (AAPL)?
Let’s take a look at our updated Fibonacci Grid and Target Levels for this popular stock.
We’ll start with the Daily Chart:

Let’s start with the Fibonacci Retracement Grid as drawn.
Apple (AAPL) shares are compressed – bouncing between – the 38.2% and 61.8% Fibonacci Levels.
Price has developed an upper resistance level into $117.50 and a lower support zone at $107.50.
This has created a $10.00 “Bounce Zone” for shares ever since the August decline. (more)

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