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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 305.79 suggesting the next support level is at 288.25. This weakness suggests the long-term trend is turning neutral.
The stock has support at 288.25 and 270.44. If the stock breaks down through support at 288.25 then it will probably continue lower to 270.44. The stock will meet resistance at 302.22 and 327.22. If the stock breaks up through resistance at 302.22 then it will probably continue higher to 327.22. The 200-day moving average is at 258.32. This will also act as support. The stock is extremely overbought according to the Stochastic Indicator (86.92).”
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