$AAPL . Kumo support for $AAPL at $497

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$AAPL has fallen on various reports that it is cutting down on parts for iPhone.

As it falls, it presents a good buying opportunity (bullish).

Currently, $AAPL has drop to about $500 and is trading near the kumo support.

It has not pierce through the kumo yet suggesting that the bearish trend is not confirmed yet. There is a chance that it will bounce from this level.

However, we need to have a cut-loss in mind at around $497.

By iam802

Trend trading with Ichimoku