Apple Inc. (NASDAQ: AAPL) has been a consumer and investor favorite for quite some time, but a trend reversal chart pattern is developing, and we could have a breakdown in the stock that we haven’t seen in quite some time.
Currently trading at $313, the stock has been showing some weakness beginning with the company’s earnings report on Oct. 18. This was followed by a lower high and lower low on the chart.
Now we are seeing a head-and-shoulders pattern developing. If the market continues to drop in the days ahead, AAPL is likely to break down.
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