Apple AAPL Stock Analysis 12/17/08 December 17

The following is technical analysis for Apple ( AAPL ). I will have an updated AAPL Chart showing this analysis tonight. Due to stockcharts.com rules, you cannot take chart snaps during trading hours.

Apple AAPL Technical Analysis December 17th, 2008

AAPL gapped below support of $95 today on fear over Steve Jobs health and has hit a low of $88 in which Apple has bounced off of twice today. The $88-$89 area has been a good level of support over the past 2 months. If this level breaks the next two support levels are $85 and $79.14 area. Resistance: Apple now has resistance at today's high of $91.10 and the previous support level of $95. Apple will continue to see selling pressure as long as it remains under the 10 & 50 day moving averages.

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