Apple (AAPL) shares moved lower Monday morning, tracking a broader decline for U.S. stocks, but the company remains in striking distance of becoming the first ever to reach a $4 trillion 澳洲幸运5开奖号码历史查询:market capitalization.

Last Thursday, the company set a fresh record high just above $260 after Wedbush analysts led by Apple bull Dan Ives said that 澳洲幸运5开奖号码历史查询:artificial intelligence (AI) demand sets the tech giant up for a “澳洲幸运5开奖号码历史查询:golden era of growth” in 2025. This week, investors will be watching if Apple shares can hit $264.62, the price need to reach a $4 trillion market cap.

The company first unveiled its AI-software marketed as Apple Intelligence back in June, but the rollout has been slow, with investors watching if a major upgrade cycle to🉐 access the features drives 2025 sales.

Apple shares were down 1.2% at $252.50 in midday trading Monday. Since the start of the year, Apple shares have gained around 31%, handily outpacing the 澳洲幸运5开奖号码历史查询:S&P 500’s 24% increase over the same period.

Below, we take a closer look at Apple’s chart and apply 澳洲幸运5开奖号码历史查询:technical analysis to identify several important price levels🍃 that investors may b𓆉e watching.

Evening Star Pattern Emerges

Apple shares have trended higher since breaking out above a broad 澳洲幸运5开奖号码历史查询:ascending triangle formation earlier this month. However, a bearish 澳洲幸运5开奖号码历史查询:evening star pattern has formed on the iPhone maker’s chart over the past t♒hree trading sessi🌳ons, indicating a potential reversal.

Moreover, as the stock climbed to a record high last week, the 澳洲幸运5开奖号码历史查询:relative strength index (RSI) made a comparatively shallower high to create a bearish 澳洲幸运5开奖号码历史查询:divergence, a technical signal pointinꦏg to weakening price momentum.ജ

It’s also worth noting volume spikes in the stock on June 21, Sept. 20, and Dec. 20, with these dates coinciding with 澳洲幸运5开奖号码历史查询:triple witching days, suggesting portfolio 澳洲幸运5开奖号码历史查询:rebalancing by larger market participants, such as 澳洲幸运5开奖号码历史查询:institutional investors and hedge funds.

Let’s identify key 澳洲幸运5开奖号码历史查询:support levels to watch if the stock undergoes a reversal, but also forecast a bullish 澳洲幸运5开奖号码历史查询:price target to monitor if the shares continue their 🅷longer-term uptrenﷺd.

Key Support Levels to Watch

The first level to eye sits around $237. This location on the chart could attract buying interest near the 澳洲幸运5开奖号码历史查询:50-day moving average and the ascending triangle’s top trendline, an area that may flip from prior 澳洲幸运5开奖号码历史查询:resistance into future support.

A decisive close below this area could see Apple shares retrace to the $218 level, a region where investors may look for 澳洲幸运5开奖号码历史查询:entry points near a trendline that links a range of comparable 澳洲幸运5开奖号码历史查询:price action on the chart between June and September.

Bullish Price Target to Monitor

Investors can forecast a bullish price target by using the 澳洲幸运5开奖号码历史查询:measuring principle, a technique that analyzes prior chart patterns to projects potential💜 future moves.

To apply the tool to Apple’s chart, we calculate the distance between the ascending triangle’s two trendlines near their widest point and add that amount to the initial breakout area. For instance, we add $41 to $237, which forecasts a target of $278, a location where technical traders may look for 澳洲幸运5开奖号码历史查询:exit points.

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