Apple Surges 5% on $100B U.S. Investment Boost
Apple shares surged over 5% after the iPhone maker announced an additional $100 billion investment in the U.S.
FUNDAMENTAL OVERVIEW:
Apple’s share price surged over 5% on Wednesday after the company announced an additional $100 billion investment in the U.S., aimed at strengthening its domestic supply chain and potentially mitigating future tariffs on iPhones. The stock rose 5.10% to $213.28, helping lift the Nasdaq Composite by 1.21%.
This latest commitment raises Apple’s total U.S. investment pledge to $600 billion, following a previous promise to invest $500 billion and create 20,000 jobs over four years. The new funding will focus on enhancing domestic manufacturing and supply chain infrastructure.
The announcement follows President Trump’s earlier warning of a potential 25% tariff on overseas-manufactured Apple products. Although Apple continues to produce most of its devices in Asia—mainly China—it has begun diversifying production to countries like India, Vietnam, and Thailand.
APPLE TECHNICAL ANALYSIS DAILY CHART:
Technical Overview:
Apple is trading within an up channel.
Apple is moving above all the Moving Averages (SMA).
The Relative Strength Index (RSI) is in the Buying Zone, while the Stochastic oscillator suggests a Positive trend.
Immediate Resistance level: 213.85
Immediate support level: 203.80
HOW TO TRADE APPLE
Following a strong rally, Apple encountered resistance and pulled back sharply, declining toward a crucial support zone. After finding support, the stock rebounded and is now displaying renewed strength, trading near a key resistance level. A decisive breakout and sustained move above this level could signal further upside potential.
TRADE SUGGESTION- STOP BUY– 216.00, TAKE PROFIT AT- 229.50, SL AT- 208.80.