APPLE Weekend Update

• First chart of apple shows the important support and resistance lines.
• Stock has good support at 294 levels. Correction that started from 319 levels may get support at 294 or before that.
• Correction was because of the HANGING MAN candlestick pattern that appeared at the top of the trend. Stock has also broken and closed below 20 DMA as shown in the 2nd chart.
• Stock may give a buying opportunity if the resistance line in daily chart is violated. Trading above 310 apple will gain upward momentum again. 319 will remain as a good resistance area. Good up moves can only happen when 319 gets broken.
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