Shares of Apple Inc., a giant in the development and sale of personal and tablet computers, are trading in a downward trend around 196.94.

Growth is possible.

On the daily chart, the third wave of the highest level (3) develops, within which the wave 1 of (3) and the correctional second wave 2 of (3) formed. Now, the third wave 3 of (3) has started. If the assumption is correct, the asset will grow to the area of 260.00–280.00. In this scenario, the critical stop loss level is 170.00.