According to news, Apple is not delivering confidence to its shareholders as these are concerned of several areas on the services where Apple is not delivering or improving. On the other hand, the company is not producing as many sales as expected, in fact, after the release of the latest iPhone, the share's price dropped almost 100$/share in just 2 months.
But if we see at the technical side, the market is reaching the 61.8 Fibonacci level and if the market was to pass through this level, there is a strong S/R at the psychological price of 130$, which could possibly hold the market until Apple manages to bring the shareholders' confidence back and climb up to 230$/share at least our last High.
However, the share is still a great long-term investment.
But if we see at the technical side, the market is reaching the 61.8 Fibonacci level and if the market was to pass through this level, there is a strong S/R at the psychological price of 130$, which could possibly hold the market until Apple manages to bring the shareholders' confidence back and climb up to 230$/share at least our last High.
However, the share is still a great long-term investment.