Apple falls on bearish iPhone sales commentary. Apple shares down -2.35% ...Middle East

Shares of Apple are moving sharply lower after MIng CHi Kuo a widely followed analyst of Apple projects that iPhone 16 orders will be cut by around 10 million units for 4Q 2024 to 1H2025.Shares of Apple are currently trading down $6 or -2.54% at $229.86. Last week, the price reached an all-time high price of $237.49.Technically, the price is now breaking below its 100-hour moving average of $230.07 (see blue line on the chart above). The 200-hour moving average (green line) comes in at $227.70. That will be the next downside target. If broken, it would shift the bias lower and have traders looking toward the 38.2% retracement of the move up from the August low at $221.64.Since August 5 low p

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Last updated : 23 October 2024 clock 07:57 PM

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Apple falls on bearish iPhone sales commentary. Apple shares down -2.35% ...Middle East

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