Apple shares will be under scrutiny as the company releases its fiscal second-quarter results after Thursday’s closing bell. Wall Street is eager to see how tariffs and price increases have affected consumer demand for its devices.
Investors will also be monitoring updates on Apple’s plans to produce iPhones in India, aiming to mitigate risks from US import duties imposed on China. Despite a 16% decline in shares year-to-date, they’ve recovered 25% from this month’s low.
The Relative Strength Index (RSI) signals lackluster price momentum ahead of earnings. Key support levels at $169 and resistance levels at $220 and $237 are crucial to watch. Investors should monitor these areas for potential buying or selling opportunities.
Source: https://www.investopedia.com/watch-these-apple-stock-price-levels-ahead-of-earnings-report-this-week-11723002