AAPL tallied its 5th consecutive session in the red, making it the worst stretch for the stock this year.

Closing ~$178, the stock has entered a range where technical analysis indicates strong support exists between $176 and $180. The ~$177.5 intraday low for AAPL corresponds with a 38.2% Fibonacci retracement of the current rally (purple). Interestingly enough, 38.2% was the Fibonacci level AAPL found support at during the first 3 months of the year (orange).

Perhaps, AAPL is finding meaningful support.