May 4, 2013

APPLE support and resistance levels

  • Apple up trend in smaller time frame will remain safe as long as price sustains above the levels shown in chart 2 and 3.
  • Daily time frame is approaching a possible resistance line for the line to work price should fall below the above mentioned levels.
  • Higher time frames like week and month are suggesting a short term bottom so weakness in smaller time frames may not last long.

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