Anybody who has been watching Apple's share prices since September 2012 would think that the company is in the midst of a huge crisis. Shares of AAPL have dropped from a high of over US$700 a share to around $400 now, and the financial press is sure that the company is doomed. Abdel Ibrahim, co-founder of The Tech Block and a technical analysis trader for about ten years, points out that based on a look at historical data, large upswings in AAPL share price followed by swift downturns are actually quite normal for the company.
Ibrahim based his analysis on what is called Fibonacci retracements, a method of technical anal
