Apple Stock Is On An 8-Day Losing Streak As Trump Trade Fracas Intensifies—Watch These Levels
Key Takeaways
- Apple shares fell sharply to close out last week after President Trump threatened to impose hefty tariffs on the company if it doesn’t manufacture iPhones in the U.S.
- The stock has closed lower for eight consecutive sessions and has lost 22% of its value since the start of the year, lagging the performance of its Magnificent Seven peers.
- The price recently ran into selling pressure near the upper trendline of a descending broadening formation and the 50-day moving average.
- Investors should watch major support levels on Apple’s chart around $193 and $169, while also monitoring crucial resistance levels near $215 and $237.
Apple (AAPL) shares will be in the spotlight at the start of the holiday-shortened trading week after…
