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Apple Retrace: Here's Where The Stock Is Headed

Published 09/10/2018, 02:34 PM
Updated 05/14/2017, 06:45 AM

Apple (NASDAQ:AAPL) shares are tanking again after President Trump tweeted that it needs to move production of the iPhone and other products to the United States to avoid steep tariffs. As a chart technician, the stock is making an expected pull-back after a monster run from $190 to nearly $230. The retrace is expected to bring Apple back to its up-trend level at $200/share. Once there, AAPL becomes a strong buy again. Note the chart below and be ready to trade the stock.

Apple Inc.

Latest comments

LOL!!!! Thanks for the easy buy signal. Bought AAPL the moment you posted this, another easy trade. Fading your calls = profit.
AAPL already up 3.4% since you made your top call yesterday. Can't wait to see what your next idea is so I can take the other side yet again!
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