Apple Inc AAPL stock technical analysis for November 18, 2010
Resistance levels: $310.22, $306.98, $303.74
Apple Inc. (AAPL) stock is bounce under $300 level.Apple is in downtrend because of whole market was in correction mode now.Apple share will not next leg as long as break over $311 again.Next support area 50 day moving average at $296.74. Apple should hang around the $291-$300 zone for a little while before the next major move.I think stock is for long term buy $280.I will keep waiting for in this area again long term next 6 months apple could see $330-$350 target.
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