Shares of Apple Inc (AAPL) collapsed sharply today after the company warned of a major shortfall in earnings and revenue. The stock is down nearly 9% on the day, $70 billion lost for shareholders. While the situation looks ugly, investors are noticing a dual epic level tagged on the weekly stock chart. Apple has tagged the weekly 200 moving average today. In addition, a second factor of support is the 61.8% Fibonacci level for a retrace from the low of 2016 to the high of 2018. The combination of these two key technical signals alerts investors to a possible buy today on Apple stock.
AAPL
Gareth Soloway
AAPLGareth Soloway
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