AAPL shares retreated from their 7-day high on Monday, turning the daily trend down. As expected, 112.50 proved to be serious resistance to the market. A rebound and close above 110 would revive the bullish momentum. Yesterday’s close on the day’s lows is a harbinger of difficult sessions ahead.
AAPL, daily chart (3 months):
Chart courtesy of StockCharts.com. http://stockcharts.com
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