Apple Support and Resistance Levels: 6/23/09
Resistance - $134, $137, $140
Support - $131, $125, $124, $120
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Apple Inc, ( AAPL ) is continuing the pullback after selling over 1 million of the new iPhones. A key support level that must hold is $131 which is also near the 50 day moving average. If Apple closes below this level there is downside risk to the $124-$125 area. A pullback to the 200 day moving average at $108 would be a super strong buy going forward. Resistance is currently at today's high of $137 which is at the 10 day moving average. For More Technical Analysis - Go Here
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