Wednesday, September 20, 2017 2:12:37 PM
Shares of Apple Inc. (NASDAQ:AAPL) fell sharply on Wednesday, as more and more analysts are questioning if the iPhone X is good enough to cause a super-cycle upgrade. Coming off all-time highs, expectations had been built into Apple Inc. of a massive upgrade cycle. This worry will continue as the latest iPhone is set to be delayed until early 2018. This means months of question marks. I expect Apple Inc. to continue its decline until it hits major support at $142.00. This $142 level represents a major trend line of support as well as the daily 200 moving average. The combination of these two support levels will create a strong bounce back to $150.00. I plan to profit on that move.
Gareth Soloway
InTheMoneyStocks
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