The past year has not been very kind to the tech sector, and one stock that has fallen victim to these declining prices has been iPhone maker, Apple (AAPL).
However, despite its relative weakness, there’s little doubt that traders are watching the stock for what could be their first big trade of the new year.
The question then becomes, do you think the stock will go up or will it continue to trend lower as it has for the past several weeks? With the stock holding a key level, this is the price you want to keep your eyes on when determining what you think is next for this big stock.
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