FX.co ★ Technical analysis of Apple for January 29, 2014

Apple is one of the prime stocks. It made a good rally from June's lows. Correcting itself after an upmove. In yesterday's trade, there was a big gap down. Apple announced financial results for the fourth quarter of 2013. It posted the revenue of $57.6 billion and a net profit of $13.1 billion. On January 13, 2014, we gave an alert regarding the technical breakdown, and our target completed. Apple obeyed us. In the daily chart oscillators gave a sell signal with a sl at $560.0 Yesterday's low is very crucial for the coming session. Apple closed above the gap down level, which was a bull factor. In the hourly chart, we can see a pullback due to oversold conditions.

Support: $501, $482.

Resistance: $515, $530.