Apple falls on bearish iPhone sales commentary. Apple shares down -2.35% | Forexlive

Technically, the price is now breaking below its 100-hour moving average of $230.07 (see blue line on the chart above). The 200-hour moving average (green line) comes in at $227.70.

That will be the next downside target. If broken, it would shift the bias lower and have traders looking toward the 38.2% retracement of the move up from the August low at $221.64.

Since August 5 low price at $211.85, the price has moved up 21.17% to the high price last week. It is still up 17.13% since that day. For the year, shares are up 19.35%.