Apple (AAPL) Testing Support

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By Mike Paulenoff | Published 06/7/2011 | Stocks | Unrated

Apple (AAPL) Testing Support

Apple (AAPL) is pressing against its nearest-term support line at 333.50, which if violated and sustained should trigger downside continuation that tests its prior near-term pivot low at 329.42.

Conversely, to get some traction on the upside, and to confirm that a "micro low" has been established, it needs to climb above 335.90.

Mike Paulenoff is a 26-year veteran of the financial markets and author of MPTrader.com.

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