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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 recently broken through an important trendline at 299.92 suggesting the next support level is at 278.73. This weakness suggests the long-term trend is turning neutral.
The stock has support at 278.73 and 256.37. If the stock breaks down through support at 278.73 then it will probably continue lower to 256.37. The stock will meet resistance at 299.92 and 327.22. If the stock breaks up through resistance at 299.92 then it will probably continue higher to 327.22. The 200-day moving average is at 254.42. This will also act as support. The stock is extremely overbought according to the Stochastic Indicator (91.25).”
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