Apple fell from its resistance on a daily time frame which we predicted last week. The risk for the trade was nearly 10 dollar and as of yesterday, the price has closed at 628, which is more than 1:1 risk to reward ratio. An aggressive investor could always have taken the profit at this stage or alternatively you could move the stop to the break even point.
The price is till away from its 20day moving average which means that there is still more room for correction. Having said that, it is important to emphasize that the trend is still very much intact and the counter trend trades are short lived.
The RSI is also trading in an oversold zone which means that the current trend may still face a little correction before it continues again.
706-689 Major Resistance
652-642 Minor Resistance
571-559 Minor Support
505-492 Major Support