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Is the Apple bottom near? Chart experts weigh in

A customer uses her smartphone at an Apple store in Shanghai.
Johannes Eisele | AFP | Getty Images
A customer uses her smartphone at an Apple store in Shanghai.

As Apple continues to plunge on China economic worries and yet another report of a large cut in iPhone 6S production, technical analysts are eyeing key chart levels to predict what will happen next for the shares.

The theory behind technical analysis is that when prices reach previous levels where participants bought and sold in volume, those levels can be areas of support. However, the levels can also signal further downside if broken.

"The market has memory. Historic levels of supply tend to be recognized by market participants in the future when these prices are tested once again," J.C. Parets, Eagle Bay Capital's president, said.

CNBC Pro asked several chart experts to analyze the current prospects for Apple after the recent volatility. Here is what they said:


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