Apple Stock Holds Strong: Key Levels to Watch

Apple shares climbed on Tuesday, defying the broader tech selloff triggered by concerns over AI competition from China. After hitting a record high in December, the stock retraced 16% before finding support near its 200-day moving average, signaling a potential rebound. On Tuesday, Apple broke above a key resistance level at $235, suggesting a possible climb toward $260. Investors should monitor support at $218 and $207 in case of a pullback. Apple’s ability to leverage AI advancements efficiently could boost its long-term prospects, differentiating it from other tech giants. With earnings set to be reported Thursday, traders will be watching closely for further momentum.