“Price of a stock speaks louder than news” is a famous saying among technical traders. Apple stock analysis after the iPhone X launch will reveal the short term trend for the stock.
An Expert view About Apple Inc Shares Before iPhone 8 Release
Apple Stock Analysis after iPhone X release:
Apple stock resisted at $163.96 on iPhone X release date. Already Warned about negative divergence on the monthly chart. Selling on news worked well for Apple stock. The technical picture of the stock is not so sound. Apple stock analysis will reveal the truth.
$157.21 is the major short term support for the stock. If the stock fails to hold the support then the index may fall to the level of $153.60 and then $147.12. $147.12 is Strong medium term support. If the stock holds the support then expect good rally towards the level of $160.85 and then $162.67.