Shares of technology giant Apple Inc. (NASDAQ:AAPL) dropped on Monday to start the week, which resulted in a break below a key technical support area. Considering AAPL stock has the world’s largest market capitalization and is the most closely followed stock, a break below key technical support areas can be all the more important and could result in an acceleration of momentum lower.
While an acceleration lower in Apple doesn’t have to happen immediately, from a risk management perspective, Monday’s price action in AAPL shares should have active investors and traders sitting up and taking notice.
Read my full analysis HERE
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