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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 generally implies it is in a positive trend.
The stock has support at 111.51 and 100.34. If the stock breaks down through support at 111.51 then it will probably continue lower to 100.34. The stock will meet resistance at 137.98 and 155.23. If the stock breaks up through resistance at 137.98 then it will probably continue higher to 155.23. The 200-day moving average is at 84.57. This will also act as support. The stock is extremely oversold according to the Stochastic Indicator (14.69), and turning up, which suggests a pause or possible rebound, especially if near support. Confirm this with the Short-Term and Daily Outlook to keep from exiting prematurely.”
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