2waytrading

Price not out of the woods yet

NASDAQ:AAPL   Apple Inc.
82 0 0
Recent market resurgence though helped by short covering it was strong and remained strong but $AAPL             did under perform and may soon prove that downside momentum will continue. $94 so far remained support and price held very well though it penetrated several times. Weekly close below that level will be a bad news for the bulls and good news for the bears but also there is a possible upside continuation towards $104 which is another resistance bulls will need to close above it on weekly bases to believe a possible test towards $108 a major overhead resistance.
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