Apple invests over $100 billion in the US
The US market witnessed a strong rise in Apple's stock,
with the stock rising more than 5% today before the US market opened.
This rise is due to the company's announcement of an investment of over $100 billion
in the United States this year, with the announcement
that it will invest over $600 billion in the US over the next four years.
This prompted investors to buy Apple's stock, bringing its price to nearly $220.
The company is also likely to announce the opening of a new factory
in the United States, which is also boosting the stock's current rally.
Technically
The stock is still moving in a strong sideways trend on the daily chart.
Signs of a consolidation process have already begun to appear on the stock,
which reinforces expectations of a long-term rise in the stock
if the consolidation process is successful.
The stock is expected to rise strongly if it breaks through the resistance areas
currently constraining the price, located between $218 and $225.
If the stock declines again, we may see a drop to the support levels
which represent the lower boundary of the consolidation movement at $193.
From there, we are expected to see the stock rebound.
