AAPL Update – Dec 13/18 …

It looks to me like AAPL has just completed a 3-wave price pattern into support.

AAPL – 65 Minute Chart #1

As you can see from the above chart, the 3-waves look pretty obvious.  What is also obvious is that AAPL is not likely to hit their prior all-time highs any time soon.  SLOT resistance is in the $198 – $219 area and the Point of Control since the correction off of the all-time high is $220.30.

AAPL – 65 Minute Chart #2

Since the quarterly earnings report/announcement of no longer providing iPhone sales figures, the Point of Control level generated during the stock selling is $179.04.

Bottom Line – lots of charts look like we have made some type of tradeable low … AAPL is another leading stock that looks like it should bounce here for a couple of weeks at least.

Cheers … Leaf_West

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