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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 285.84 suggesting the next support level is at 268.00. This weakness suggests the long-term trend is turning neutral.
The stock has support at 268.00 and 246.78. If the stock breaks down through support at 268.00 then it will probably continue lower to 246.78. The stock will meet resistance at 285.84 and 302.22. If the stock breaks up through resistance at 285.84 then it will probably continue higher to 302.22. The 200-day moving average is at 246.78. This will also act as support. The stock is slightly oversold according to the Stochastic Indicator (29.31).”
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