$AAPL . Bearish cross and support

Screen Shot 2013-09-17 at 2.06.41 AM

$AAPL continues to gap down on news that China Mobile is reducing its subsidy for iPhone 5c; a move that may have an impact on the sales.

Currently, on the Ichimoku chart, a bearish cross is seen with a critical support level at $453.84 .

Should the price level close below this or unable to bounce off from this level, given the thin kumo support below, it is likely $AAPL will drop to $392.

 

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iam802

Trend trading with Ichimoku