Still, the double whammy should continue, If Apple continues to have force chain issues and sees a lack of demand for its iphone 13s. 

 On Wednesday, Apple (AAPL) reportedly told suppliers that there may not be a boost in demand for its iphone 13 heading into 2022 as force chain issues ease. Apple had firstly let investors know that due to problems throughout the force chain, the product thing will be cut. Still, now the bad news is compounded. Letting suppliers know that they may not have to pick up the pace once backups ease won't only set AAPL back in its vaticinations, but it'll also set back its suppliers who were preliminarily looking to work twice- time to pick up the slack once the force chain problems are over. 

 

 Apple’s share price reached new each- time split- acclimated highs history170.30, before reversing and closing down3.62, near164.65. Price had been in an orderly, long- term overhead leaning channel since August 2020 before breaking above the top trendline history. Price hit the161.8 Fibonacci extension from the September 7th highs to the October 4th lows at169.00 before reversing lower and moving back into the channel. Note the RSI was in overbought conditions as well. The candle on the diurnal timeframe was a firing star, an suggestion of a reversal. 


 On a 240- nanosecond timeframe, price has been forming advanced highs and advanced lows within the channel ( green line). Moment, price gapped lower at the open to160.25. First resistance is at the gap fill and the top trendline of the long- term channel near164.53, ahead of histories highs at170.30. First support is at the November 26th lows and September 8th highs near156.37. Below there's the 50 Day Moving Average at154.61 and vertical support at153.16. The 200 Day Moving Average is the coming support position, down at148.95. Pay particularly close attention if price reaches the trendlines at145.09 and137.07! 

 

 Still, the double whammy should continue, If Apple continues to have force chain issues and sees a lack of demand for its iphone 13s. Still, do n’t forget Apple has other products as well, one of which may be in the EV request in the future! 

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