Will Apple resume bearish mood?

By Julian Yosovitch http://www.futuresmag.com/2015/01/05/will-apple-resume-bearish-mood

Apple shares have ceased their bearish mood last week and Apple is now trading at $106.90.

We believe the stock remains vulnerable to extend losses down to $103.70. With a break below that level we will continue to see further losses that may bring Apple below $100 and toward $95.30 within previous lows area and important short- and medium-term support.

If there's an upside attempt, the stock will find resistance at $110 while the previous high of $114.80 are the most significant obstacle in the short term for Apple and from where the weakness should be resumed.

Only with direct break above $114.80 will the weaknesses in question remain neglected and the bearish signals seen last week will remain cancelled, so we will see further recovery towards previous highs of $119-120 and even toward more ambitious front values.