Apple shares not loving details from the WWDC 2025 ...Middle East

From a technical perspective, today’s decline pushes the price below both the 100- and 200-hour moving averages, which sit at $202.02 and $204.10, respectively. The price has also slipped beneath the 38.2% retracement level of the move from the late 2024 all-time high to the 2025 low at $169.21. That retracement level, located at $203.93, overlaps closely with the MAs, increasing the importance of this technical resistance zone.

As long as the price remains below these levels, the short-term technical bias favors the sellers. A move back above the cluster of resistance would be needed to tilt momentum back in favor of the bulls.

This article was written by Greg Michalowski at www.forexlive.com.

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