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Monday 28 October 2013

Apple's earnings beat expectations but stock dropped

Wall Street expected Apple's growth to continue slowing down
But Apple's earnings, revenue & future expectations all beat estimates
Apple dropped from 529.88 to 517.25 possibly due to profit taking
It's also possible for Apple to rebound tomorrow after being oversold as it still remains one of the most undervalued & profitable company
Look to buy Apple below 530 tomorrow, supports not found yet but it will most likely go up to reach for 530 again

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