Apple’s stock price (AAPL) tumbled in latest intraday trading, amid the dominance of the downward correctional trend, while the price is hurt by a negative technical pattern that formed in the short term, the Head and Shoulders pattern, with negative signals streaming from the Stochastic after forming a negative divergence, which bolstered the downward trend.

 
Therefore we expect more losses for the price, targeting the first support at $178.35 as a price target for the forming Head and Shoulders pattern.

 
Today’s price forecast: Bearish