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After more than 5 weeks of consolidation Apple Inc. (NASDAQ:AAPL) chart looks like it may start new momentum which could move the stock toward new highs into 135-150 range. Helped with strong bounce in overall market it already broke 20 day moving average today and is moving toward descending trend line at around 128 which if broken is likely to confirm the end of consolidation period and accelerate prices higher. Downside protection(stop) at 50SMA & horizontal support at around 122.
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