This shouldn't be any surprise for traders following the Apple (AAPL) product launch of the iPhone 7 and whatever those wireless earbuds are that has Apple groupies all excited. Since Steve Jobs' death, every time we have one of these "new product" unveilings, the stock sells off unapologetically. Why? Because they aren't carving any new inroads in technology.
But enough of all that fundamental gibberish, there are some serious technical concerns playing out on the AAPL chart here. You have a rising trend-line that is at risk of breaking, followed by a short-term price level support that could break even today.
I'd say stay away from this stock until there is a more favorable chart pattern or until the stock can find some support at one of the areas I have marked out below.
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