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Apple shares stay below $262

Apple shares stay below $262
AAPL stays below $262; support at $256 holds firm

​Despite the predominance of bullish sentiment across equity markets, Apple Inc. shares are still unable to break decisively above resistance near $262.00. 

Pullbacks remain limited by support around $256.00, which keeps the chances of a breakout and a further AAPL rise toward $266.00-$270.00 high.

A loss of support could trigger a decline toward the $250.00-$245.00 area, although buyers are likely to return there as well. Overall, the long-term outlook remains constructive.

One of the factors still restraining upside momentum is geopolitical tension in the Middle East, as any escalation tends to strengthen risk-off sentiment across the markets.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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