Megacap technology stocks like Apple have dragged on the market amid disruptions in China. But what if the iPhone giant manages to bounce? Could it give the bigger indexes a boost?
The main pattern on today’s chart is the $140 level. This price first had importance on November 8, when AAPL first tried to rebound from its China-related weakness. It was resistance that day, but provided support two sessions later (after November 10’s lower-than-expected consumer inflation report).
AAPL proceeded to jump as high as $153.59 the following week. It then hit …
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