(Finance) – Reduction for Applewhich changed hands at a loss of 4.36%, after the United States decided to sue the Cupertino giant.
The US Department of Justice has in fact initiated legal action against Apple for violating antitrust rules. It is accused of blocking software developers and video game companies from offering better options for the iPhone, causing higher prices for consumers. Apple would essentially use its power in the smartphone industry to limit competition and consumer choice.
The weekly analysis of the stock compared to Dow Jones shows a lag behind the index in terms of the relative strength of the home of Cupertinowhich performs worse than the reference market.
The medium-term situation of Apple remains bearish. However, examining the short-term chart, it would be reasonable to begin to doubt the possibility of the bearish phase extending. An upward improvement in the curve is therefore expected, which encounters the first obstacle at 175.3 USD. Support seen at 168.7. Further bullish cues favor a new target estimated probably in the 181.9 area.