Yesterday I posted a chart showing the potential bullish move that is possible if price manages to break the downward trend line and find its way back above 15000 and the neutral zone. That would give us a similar recovery the past two deep pull back. However, given the continued weakness and bearish news out on AAPL post market today we should be prepared for a breach of the recent low. If that happens we would be looking at a 3 drive scenario where price may end up at the 14000 level and 200sma. The next few days may provide the additional catalyst for such a move. Its always best to have your levels identified in advance.
