Apple Inc (AAPL) “On a long-term technical basis, the stock (AAPL) is trading above its 200-day moving average which implies it is in a positive trend. However, the stock has broken through an important trendline at 277.06 suggesting the next level of support is 274.93. The long-term uptrend has now turned neutral.

The stock has support at 274.93 and 256.37. If the stock breaks down through support at 274.93 then it will probably continue lower to 256.37. The stock will meet resistance at 277.06 and 302.22. If the stock breaks up through resistance at 277.06 then it will probably continue higher to 302.22. The 200-day moving average is at 255.85. This will also act as support. If the stock closes below 251.86 a negative trend change is probable. Look for the stock to fall to the level where it started prior to the latest big upmove. The stock is extremely overbought according to the Stochastic Indicator (78.86), so look for a possible pullback soon. Confirm this with the Short-Term and Daily Opinion to keep from exiting prematurely.”