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Technology Stocks : Apple Inc.
AAPL 271.01-0.3%Jan 2 9:30 AM EST
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From: Henry J Costanzo2/22/2014 11:52:11 AM
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TA update…

Last week broke briefly above the accelerated downtrend from Dec, but, in the process, completed what appeared to be a low-volume 1-day reversal..which signaled the pullback and fall to next underlying support in the area of 525. As shown on the chart, a new, less-accelerated, downtrend was also established in this process.

There are no meaningful technical patterns in the price chart itself, but the RSI indicator diverged positively last week…That…and the current 525ish support area…offer the only possible clues as to what might lie ahead….Their failure would likely lead to some further pullback..
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