This is a quick update of the Apple daily chart of December 15th (find analysis here). As expected, the long term trend line acted as a support and buyers took control in $380 area.
We are looking now for some signs in the resistance zone, set by previous highs in the $420 area. As a protection measure, those who bought in the $380 zone can sell part of their position.
The first sign of a larger decline will be in place only if the trend line will be breached.
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