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The $AAPL dropped ....

We all know that by now. We also know $AAPL had a fast, sharp rise. So to use a trend-line, one must use log-scale charts and draw the trendline on a line chart of close-only chart.

This is the point of this post.

$AAPL Trendline on Logscale Chart

A break of this trendline is a meaningful trend of change. Major support is way below ( blue horizontal line just below 50% of the range since trend changed to up.

To paraphrase Yogi Berra , tough to make predictions, especially about future , but a possibility of further downside is evident on the chart.

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