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Apple shares attempting to recover recent losses with $220.00 in sight

Image data IG

By Minipip
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Apple shares are looking to move higher after a move above 23.6% fib level.

Apple (AAPL) is showing signs of a potential recovery, having reclaimed the 23.6% Fibonacci retracement level at $200.00. The next key resistance sits around $219.98 (38.2% Fib), and a break above this could open the door to higher targets at $235.08 and $252.05. RSI is approaching the overbought zone, suggesting bullish momentum, but caution is warranted if it fails to break above 70.

On the downside, if AAPL loses support at 20,014, it could retest the recent low around 16,807. Watch for RSI rejection as an early signal of weakness.

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