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Tuesday, April 30, 2013

Apple Inc@ An Apple a day:-) Return generated 9.5%

Well there're many techical analyst who gave view on Apple on various occasion.

I gave the following view on 4th march 2013...a one time view:

Apple Inc@ Where's the support???

Technically Apple Inc. still on a down trend and could drift further lower where on the downside it finds support at $422/420 and tight support around $404 & $393 from where it could bounce again, currently at $430.

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***What happened then: On 4th March only Apple took support around $419 and closed at $420.05 which was our given support level. It then bounced back to $460 as of 19th March giving away return of close to 9.5%

On the downside below $420 we gave the tight support level around $404 & $393 for a bounce again.

On 18th & 19th April it closed at $392.05 & $390.53....neck to neck near to our given support level from there it bounced back to $433 on 29th April giving away return of close to 9.5%

http://moneymystery.blogspot.in/2013/03/apple-inc-wheres-support.html#comment-form

Regards,

Manish Bothra,

whats app: +91-9903781886

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