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Morning Matters:

What Is The Downside On Apple (AAPL)?
by Geoff Garbacz

September 11, 2018

What is the downside on Apple (AAPL) if the tariff proposals become reality? The best way to understand the downside is to run a retracement on Apple. The way to track a retracement is to track from a low to a high.

In this case, we use the low of February low to the recent high. Then we look at a pullback of 382%, 50% and 61.80% which are the Fibonacci retracement levels.

[Image 1]

At a minimum, one should expect a pullback to $199.33 the 38.2% retracement. This would be a good level to enter the stock.

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