Watch These Apple Price Levels as Stock Slides After Trump Tariff Announcement
Key Takeaways
- Apple shares fell sharply in extended trading Wednesday after President Trump unveiled sweeping reciprocal tariffs, including a steep 34% import tax on China, the country where the iPhone maker manufactures about 90% of its products.
- The stock looks set to test the lower trendline of a descending channel in early trading Thursday.
- Investors should watch major support levels on Apple’s chart around $207 and $197, while also monitoring important resistance levels near $237 and $247.
Apple (AAPL) shares plummeted in extended trading Wednesday after President Trump unveiled sweeping reciprocal tariffs, including a steep 34% import tax on China, the country where the iPhone maker manufactures about 90% of its products.
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