Watch These Apple Price Levels After Stock Set a New Record High
Key Takeaways
- Apple shares may remain on watchlists Tuesday after setting a new all-time high yesterday and registering their 21st record close of the year.
- The stock broke out from a five-month ascending triangle earlier this month, signaling a continuation of the iPhone maker’s longer-term uptrend.
- The measuring principle, which calculates the depth of the ascending triangle near its widest section and adds that amount to the pattern’s top trendline, projects a price target of $278.
- Investors should watch key support levels on Apple’s chart around $237, $218, and $197.
Apple (AAPL) shares could remain on watchlists Tuesday after setting a new all-time high (ATH) yesterday and registering their 21st record close of the year.
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