Apple Inc AAPL Resistance, pivot & Support Levels – 05/16/2011
Resistance levels: $352.15, $348.264, $344.38
Pivot point: $342.36
Support levels:$338.36, $336.46, $332.58
Share of Apple Inc. (AAPL) are closed $340 on Friday.Apple will now have resistance up at $355 & $365.Short term support level at $326.I think stock is buy for short term here.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 am holding long position from low $320.I feel Apple will hit $400 sometime in 2011.Apple will again be a hot technology stock in 2011.
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