Key Takeaways
- Apple shares remain in the spotlight after hitting a new record high for the first time this year on Monday following signs of a strong start to iPhone 17 sales.
- After breaking below a pennant earlier this month, the stock made a swift reversal to close above the pattern on Monday, creating a potential bear trap scenario.
- Bars pattern analysis forecasts a potential upside target around $308 and indicates the move may last until late November or early December. Investors should also watch key support levels on Apple’s chart near $250 and $237.
Apple (AAPL) shares remain in the spotlight after hitting a new record high for the first time this year on Monday following signs of a strong start to iPhone 17 sales.
The tech…
