Apple stock AAPL had a rough day of trading yesterday, just like the rest of the technology stocks being pressured by the surging inflation data. Apple stock AAPL ended the trading session lower by 2.4% at $172, the dip was more substantial than that of the S&P 500 that declined 1.8%.
Still, from a seasonality perspective, Apple stock tends to produce its best few months of gains right around this time of the year. March and April rank among some of the best months, while February has historically been a bit weak for AAPL.
Apple stock AAPL could fall back slightly to test the lower boundary of the potential symmetrical triangle's lower boundary at $168 which would create a room for a buying opportunity at this demand region, then bulls could push prices to the upside testing $174 resistance.
Still, from a seasonality perspective, Apple stock tends to produce its best few months of gains right around this time of the year. March and April rank among some of the best months, while February has historically been a bit weak for AAPL.
Apple stock AAPL could fall back slightly to test the lower boundary of the potential symmetrical triangle's lower boundary at $168 which would create a room for a buying opportunity at this demand region, then bulls could push prices to the upside testing $174 resistance.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.