Apple (AAPL) Nears Key Resistance

09/30/2009 10:02 am EST


Thomas Aspray

, Professional Trader & Analyst

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Apple (AAPL) has been one of the market leaders since the March lows as the OBV completed its bottom formation in early April. The OBV is still positive and above its MA. There is key resistance from 2007 and 2008 between $192 and $204 with good support at $164-$172. A weekly reversal would be the first warning sign.

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