On the 6th of January analysis (http://markettechnicalview.blogspot.com/2012/01/apple-short-term-chart-20120106.html ) was mentioned the $422.00-426.00 resistance zone and the scenario to follow.
Today, the chart still stands and the scenario was confirmed by the price action. Most of yesterday’s session traded below lower resistance border (see chart – the last 3 candles) and this proves the (at least temporary) bearish pressure.
The first target is set in the support zone, between the $405.00 and $409.00 levels.
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