Apple Inc. (NASDAQ: AAPL) saw a sharp decline in its latest intraday trading session, driven by ongoing corrective pressure and the emergence of a bearish technical formation. The stock is currently under the influence of a Head and Shoulders pattern—a classic reversal signal that typically marks the end of an uptrend and the beginning of a potential decline.
Adding to the negative outlook, the Stochastic oscillator has formed a bearish divergence, reinforcing the downward momentum and further validating the bearish setup on the chart.
With this confluence of technical indicators pointing lower, analysts expect additional losses for Apple stock in the short term. The first key support level to watch lies at $178.35, the projected downside target of the Head and Shoulders pattern.
Outlook for April 7, 2025: Bearish
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