26Feb12:56 pmEST

A Close-Up Look at Apple

On a shorter-term timeframe, seen on the 10-minute chart below, AAPL is worth watching to see if that $130.30 area now acts as resistance after previous holding as support yesterday. 

Of course, known your timeframe as a trader is so critical to this type of analysis. Longer-term holders can ignore that levels. But active traders should pay attention to see if support becomes resistance, leading to weakness later today or tomorrow. 

If bulls can continue to ignore any semblance of resistance and soundly recapture that level I expect new highs this week. 

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