Meanwhile, some tech stocks have seen bullish price action develop of late.US index futures edged higher following Wednesday’s latest upsurge to new record highs, indicating another all-time peak for the major indexes when cash markets open. Investors will be watching to see how much further might Nvidia have all formed bullish-looking price action to suggest more gains could be on the way – in particular for the iPhone maker.
If it does, the next question will be can it hold the potential breakout this time? Since July last year, Apple has repeatedly failed to break through the $195-$200 resistance range, making an all-time high of $199.62 in December, before its multi-month slump. But now it is at this key resistance zone after the latest tech optimism.
Any potential move below that 455.00 level would put the bulls in a spot of bother, and more so if we go below the March high of 449.34, now the key support to watch.
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Source: Investingcom - 🏆 450. / 53 Read more »
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Source: Investingcom - 🏆 450. / 53 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »