Apple Retrace: Here’s Where The Stock Is Headed

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Apple (NASDAQ:AAPL) shares are tanking again after President Trump tweeted that it needs to move production of the iPhone and other products to the United States to avoid steep tariffs. As a chart technician, the stock is making an expected pull-back after a monster run from $190 to nearly $230. The retrace is expected to bring Apple back to its up-trend level at $200/share. Once there, AAPL becomes a strong buy again. Note the chart below and be ready to trade the stock.

Apple Retrace: Here's Where The Stock Is Headed

Apple Inc.

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