Watch These Apple Price Levels After Stock Suffers Biggest One-Day Drop Since August
Key Takeaways
- Apple shares will be in focus on Friday after recording their largest one-day drop since early August yesterday following news that the tech giant lost its position as China’s largest smartphone seller last year.
- The stock fell decisively below the lower trendline of an ascending triangle, raising the possibility of a significant breakdown.
- Investors should watch key support levels on Apple’s chart around $218 and $207, while also monitoring important resistance levels near $235 and $250.
Apple (AAPL) shares will be in focus on Friday after recording their largest one-day drop since early August yesterday following news that the tech giant lost its coveted position as China’s largest smartphone seller last year.
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