$94.78 May Protect August low $92 Both levels are very important

16. Jan. 2016

No question that many are eyeing on August low which many indices have already tested and trading below it but the largest and most important company in the world will have many wonder if it fails to hold August which will confirm 85 and 75 respectively next two levels to watch. We don't think this will be the case, though. The market will probably bounce before price heads $85. Bulls will not feel safe if price fails to close above $100.72 the high of 2012 as it has been the case last two weeks though price managed to close above previous week's low while most failed to do so. In order to believe price hit, the bottom price will need to close above 104.16 on weekly bases that could only happen if the market turns around which so far failed to do so. Real-time Alerts go 2waytrading.com