Since my initial post on Apple on 21st
October and update given on 11th November, Apple
corrected further and made a low of 480 USD. Apple behaved exactly as expected
the pull back in Apple was strong and the stock went up from 500 to 600 levels
and again fell sharply from there.
If we look at long term chart of apple it is
still in a bull run. Therefore readers may choose to buy apple at around 430 –
450 levels with a stop loss of 380 and target of 600 – 650 in next 12 months.
Apple monthly chart shows support at around 435 levels.
Apple quarterly chart shows support at around 450 levels.
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