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AAPL Fails To Breakout…For Now

Shares of Apple Inc (AAPL) failed to breakout above a major double top resistance area today. While the stock briefly broke above the former 52 week high made back in August 2020, it quickly was slammed lower as weakness permeated the market. The $138.50 level is the key point to watch on a daily closing basis for the future. Should Apple close above that level, a breakout to $150 would start. As long as it does not, expect potential downside to continue.

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