Apple (AAPL) shares will be in the spotlight ahead of the iPhone maker’s highly anticipated fiscal second-quarter results, due after Thursday’s closing bell.

Wall Street will be paying close attention to the tech giant’s guidance for the current quarter in an effort to determine what 澳洲幸运5官方开奖结果体彩网:impact tariffs and potential price▨ increases have had on consumer demand for the company’s devices.&nbs𝐆p;

Investors will also be looking for updates on recent reports that Apple intends to produce most of its U.S.-sold iPhones in India by the end of 2026. The company is aiming to mitigate risks related to the Trump administration’s steep import duties imposed on China, a country where Apple reportedly assembles up to 90% of its iPhones.

Apple shares trade 16% lower year to date as oꦚf Friday’s close but have recovered nearly 25% from t🐼his month’s low as investors assess the company’s plans to navigate tariff-related challenges.

Below, we break down the 澳洲幸运5官方开奖结果体彩网:technicals on Apple’s 澳洲幸运5官方开奖结果体彩网:weekly chart and identify key price levels worth watching ahead of the tech🥀 giant’s earnings report.

Lackluster Price Momentum Ahead of Earnings

After staging a dramatic intraday reversal at the 200-week moving average (MA) on above-average volume earlier th🌜is month, Apple shares have continued to gain ground.

However, while the 澳洲幸运5官方开奖结果体彩网:relative strength index (RSI) has moved upwards ahead, the indica𒁃tor remains just below the 50 threshold, signaling lackluster price momentum.

Let’s point out key 澳洲幸运5官方开奖结果体彩网:support and resistance levels on Apple's chart that investors will likely be mon𒊎itoriꦏng.

Key Support Levels to Monitor

The first area to monitor sits around $169. Retracements to this level on the chart would likely attract strong buying interest near this month’s low, which also closely aligns with the August 2022 澳洲幸运5官方开奖结果体彩网:peak and troughs in October 2023 and April 2024.

The bulls’ failure to defend this key technical level opens the door for a drop to lower support at $157. Investors could seek 澳洲幸运5官方开奖结果体彩网:entry points in this region near a 澳洲幸运5官方开奖结果体彩网:horizontal line that connects several peaks and troꦕughs on the chart between September 2021 and March 🌳2023.

Crucial Resistance Levels to Watch

In the event of a rally, it’s worth keeping an eye on the $220 level, an area currently just below the 50-week MA. The shares could run into selling pressure in this location near 澳洲幸运5官方开奖结果体彩网:price action on the chart extending back to June last year.

Finally, further buying could see Apple's stock revisit the $237 area. Investors who have 澳洲幸运5官方开奖结果体彩网:accumulated shares at lower prices may seek 澳洲幸运5官方开奖结果体彩网:profit-taking opportun𒁃ities in🧜 this region near last year’s July and October peaks.

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