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January 3rd, 2019: AAPL Weekly Chart Update

Posted by pugsma on January 3, 2019

AAPL price has dropped to 142.08 and touched the 200-week SMA.   The drop from 233.47 to 142.08 is also just below a 62% Fibonacci retracement of the 89.47 to 233.47 P1 move up.  This fits with a typical P2 wave retrace.   Just and FYI I’m not in love with this wave AAPL wave count, but it’s been the same one I’ve had for 3+ years, so for now it will remain.  Today I basically had to do nothing to this AALP weekly chart but add the P2 label at the 200-weekly SMA support and 62% Fib retracement.

AAPL Weekly Chart:

AAPL Technical Analysis

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