Starting from August 2010, the price has been moving upwards along the green uptrend channel. It broke major resistant in early September, and the resistance area became a support zone as shown in late September and early October.
On 18-Oct, AAPL reached a new high again. However, an interesting candle appeared. It was a candle with long lower shadow and short body, and with very little upper shadow. This is sometimes called the "hanging man", which is a signal of a lack of power to surge further. Apparently, the price dropped after the "hanging man".
Price of AAPL would probably get back to somewhere near the lower line of the green channel, and is going to test the support. Once it breaks, the next support zone would be at 272.42-278.7.
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