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Apple Inc approaching a key support level… 18 December 2015

Apple Inc (AAPL) shares have been moving lower since making an irregular high back in April 2015. Last couple of sessions of trading have seen the shares fall steeply.

Apple Inc shares are reaching a key support level as shown by the shaded area in the daily chart below. Support is likely to come between $103/share to $98/share level. However, if the AAPL shares go below $98 then it would indicate a much weaker market for AAPL. The shares could drop further to $85 as a first downside target.

Apple Inc (AAPL) Daily chart:

Daily chart of AAPL 18 December 2015.

Daily chart of AAPL 18 December 2015.

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