TRADE SETUP

Where do we stand fundamentally?

There's speculation about Apple potentially moving iPhone production to the U.S., aligning with certain political agendas. However, analysts are skeptical due to high costs and logistical challenges. Apple has been navigating U.S. tariffs, particularly on Chinese goods. To mitigate costs, the company reportedly airlifted 600 tons of iPhones (about 1.5 million units) from India to the U.S., increasing production to avoid higher tariffs. Despite this, analysts estimate tariffs could raise iPhone prices significantly, with some models potentially increasing by $350-$675. Apple’s stock has faced volatility, dropping nearly 26% in 2025 due to trade war concerns, as most of its supply chain still relies on China.

AAPL is reaching the long-term support of the 170-180 zone. This is now a strong uptrend continuation support with a strong fibo retracement 61.8% of the last swing higher support. This can produce at least a temporary bounce, if not a reversal upside. If we see a break below 170 next downside target is 140.

We need a sustained breakout above 192 for the rally higher to continue after the bounce.

_{I am taking a near-term long-trade entry with an SL below 175 to target 215. You can also trade it with options by buying call options.}