Apple Inc. (NASDAQ:AAPL): Apple bounced off the trendline support after M4 Mac news leak


Apple stock bounced off its trendline support on Thursday after Bloomberg reported that the company is planning to release new Macs equipped with AI capable M4 processors, beginning late this year. The technical specifications of the M4 chips are unknown at this point but it is safe to assume that they can easily outperform the Qualcomm Snapdragon X Elite. A descending chart pattern for AAPL has emerged and the stock could try to break its 200-day EMA next week. Buyers should be stepping in after the breakout.

This note contained herein is our opinion and should not be construed as a recommendation to buy or sell. Click here to view the latest update!

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