Apple (AAPL) staged a technical rebound and closed at $157.37. That being said the underlying trend is still downtrend, as indicated by EMA10-EMA20 and MACD deadly crosses. Therefore a daily close below the $152.58 support (which is also the 50% fibonacci retracement level) could push prices further down towards the $147.03 support (61.8% fibonacci retracement) or even $142.12 support. The fibonacci retracement level were plotted from the mid June 2022 low of $129.04 towards the mid August high of $176.15. In contrasts, a daily close above the $160 level may trigger buying pressure with a potential retest of either $171.05 or $176.15.
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