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AAPL beat on profits but disappointed on revenues last night. There was a big reaction and I read of AAPL trading as low as 461 in the after market last night. It may have gone lower. Some of this seems likely to persist into trading hours so we may shortly see the test of the main rising support trendline from early 2009. Will it hold? Depending on what happens on the daily RSI today that currently looks promising for a reversal at this support trendline:
Well, now that the world's largest company (by market cap) is getting absolutely torpedoed and has lost an entire THIRD of its value in just the past few months, the markets are barely even noticing (the NQ notwithstanding, but that's only because the NQ=AAPL). This can't be a surprise to Slopers, though; from last night:
