02.02.2016 - The price of Apple will likely continue to fall after correction

Apple's stock price showed a strong decline lately, and several times tested the support level at 92.80. Fixation lower than this level will be the basis for opening short positions with a target at 81.50. On the other hand, breaking through the upper limit of the local descending channel and overcoming level of 100.00, will be the basis for the continuation of the upward price momentum with growth potential to 106,00-108,00. We expect growth in the near future, but the price decline is likely to continue in the coming months.

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