Watch this level in tech—it could predict the next pullback, trader says (via TradingNation)
While Apple's recent losses haven't brought the stock below the longer-term uptrend that began after the market's December 2018 fallout, Newton was watching one particular level in the stock for further warning signs.
"It's getting hurt from both the supply chain disruption as well as demand," she said in the same "Trading Nation" interview. "Now, look, if you are a long-term investor, you know that some of that demand is going to get recouped later. This isn't like food or things that you're just sort of never going to recoup. You will eventually make those purchases if they're delayed.
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