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Jan 13, 2025

APPLE: What's next?

Apple, Daily

APPLEDaily.png

On the daily timeframe, Apple stock is falling amid the news that Apple lost global market share in 2024. IPhone sales declined by 2%, and the price dropped to the global trend line. The price dropped below the lower Bollinger line and Stochastic came out of oversold condition.

  • A break of the trend line below 237.0 will drop the price to 230.0 and further to 221.0;
  • A bounce off the trendline will bring #APPLE back to 260.0;

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

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