Apple Inc AAPL Resistance, pivot & Support Levels – 04/20/2011
Resistance levels: $349.25, $347.12, $345.99
Pivot point: $343.85
Support levels:$341.72, $339.58, $337.45
Share of Apple Inc. (AAPL) is rebound from $320 last Monday and stock is trading over $344 on midday Wednesday.Company will release earning after hours today. Apple will now have resistance up at $343 & $354.Short term support level at $320.I think stock is buy for short term here.AAPL has excellent management and a great vision for the future. If Apple stock ever falls below $300 again, I will take a new long position.I feel Apple will hit $400 sometime in 2011.Apple will again be a hot technology stock in 2011.
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