APPLE Long Trade Update:
TP1 (233.19) reached
Potential for TP2 (236.89), TP3 (240.60), and TP4 (242.88) if the bullish trend continues
Key Levels:
Entry: 230.90
Stop-Loss: 229.05
Target Levels: TP1 | TP2 | TP3 | TP4
What’s Driving Apple’s Rally?
Apple is making a major AI push in China, partnering with Alibaba to integrate Apple Intelligence features into its ecosystem. This move aims to counter competition from domestic brands like Huawei, which have been gaining ground with AI-powered smartphones.
APPLE Key Developments:
- Apple submitted its AI-powered features for regulatory approval in China, a crucial step for market expansion.
- Alibaba’s vast consumer data and AI expertise could enhance Apple’s generative AI capabilities.
- Apple’s stock has gained 2.5%, while Alibaba’s U.S.-listed shares are up 2% in response to this strategic pivot.
- Apple’s AI bet in China could be a game-changer, helping it reclaim lost market share. If momentum holds, this trade setup has strong potential to hit higher targets.
Will Apple’s AI-driven strategy fuel further gains? Let’s discuss.
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