Thursday, August 09, 2007

AAPL CHART


The chart on AAPL is looking bearish here but the stock is getting oversold and does have some support at the $125 area. It also broke through the 50 EMA and the lower bollinger band. AAPL could see a bounce tomorrow off the $125 level but if it breaks $125 on a closing basis it could go much lower to the $120 area. Other areas of minor support from there are $115 and $110 and then major support at the 200 dma.

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