As indicated in the weekly chart below Jabil Circuit (JBL) rallied from 2009 to 2012, however this rally was extremely volatile & showed large pullbacks sometimes even breaching major pivots to just turn back again. Overall the stock did gain over 600% but it was really an investors nightmare to remain in the stock. Now after a year long consolidation, the stock again began to move up & made it out of it's top resistance range, but again has started to see large dips recently.

The stock is an extremely volatile investment option & should only be held by investors that are open for large risks in their portfolio. But as risky stocks go it is a multi-bagger.

The stock was headed for a very strong resistance at 22.5 & has since failed to remain over it. It quickly lost base over 22.5 which goes to say that the stock is not a good investment hold as of now especially if it breaches any other lower support levels. Support levels are seen at 21.4, 20 & 19.5. The support level at 21.4 if broken will take the stock to much lower levels & will make it even tougher for it to move back up again.

Resistance is very strong at 22.5, moving over which is very critical & base formation patterns above this price level are necessary for the future of any rally in the stock. There is also another minor resistance at 23.5.

As of now the stock does not look like a good hold for investors unless it can make it above 22.5 & stay above it. The stock also in general is very volatile & risky in nature so best avoidable for the risk averse.

The first entry signal in Apple Computers (AAPL) was during the first week of August 2013 as indicated on the chart above, we spoke about it in this video - http://www.youtube.com/watch?v=OjTwFcecnXo. We also at that time spoke about a re-entry opportunity in the stock i.e. around the mid of September 2013 when it dropped over 10%. Since then the stock has held its pivots very well, it has moved up somewhat & has maintained its bullish stance, so this means it is still a good re-entry opportunity for new investors with a very small stop-loss at present.

The pivots to watch  have changed somewhat since the last time we looked at it.  New support levels are at 466, 440 & 432. We see the stop-loss for the present trend at 466, below this the other two support levels could hold, but the stock might turn turbulent & loose some steam.

Resistance levels as follows : 514, 550 & 585. The recent high at 514 is a minor resistance, crossing this should not be a tough task for the stock. But it is an important resistance because moving above & closing higher than 514 would make a simple higher high, hence approving the trend again for the first time since August. Further targets and resistances are seen at 550 & 585. The resistance at 585 is the more important resistance & we might see the stock struggling for a while at this price point. Breaking through 585 & closing over this price significantly would be highly critical for the stock to remain bullish in the future.

The stock has signaled a bullish move & has remained largely sideways to up-wards for the last few months, as of now we do see the stock to be bullish & AAPL is still a very good re-entry opportunity with a stop-loss at 466. The stock at the present prices has a very low opportunity cost for investors.