CHART-II
- Oversold stochastic shown yesterday has given a gap up for Apple.
- Support at 300 has stopped the correction for now. Closing near the high will confirm the reversal.
CHART-I
- Apple looks oversold and trading near important support level in daily chart.
- Supports for the stock is at 300 and 294.
- It is trading above 300 with oversold stochastic readings, this should give a meaning full bounce from here.
- SPY SUPPORT AND RESISTANCE LEVELS