Support broken tends to act as resistance. The video below of $AAPL takes a look at the scenario of failure from these levels and a potential “bear trap” reversal.
Support broken tends to act as resistance.
That is a basic concept of technical analysis and after $AAPL broke support ~655, the stock sold off to ~625 and then rallied back up to that level of prior support. Sellers quickly came in and took control of the stock in that prior support area and the […]