Apple (AAPL) shares are in the spotlight after setting another record closing high Thursday as optimism grows that the iPhone maker’s 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) features could accelerate 2025 sales growth.

Earlier this week, the company rolled out additional Apple Intelligence features across its devices through its iOS 18.2 operating system, 澳洲幸运5官方开奖༺结果体彩网:including 🐻ChatGPT integration with Siri, image generation tools, and the ability for users to create custom emojis. Analysts anticipate ongoing feature releases🌌 will p𒐪rompt a continuous upgrade cycle, helping to drive sales.

In a recent research note, Wedbush analyst Dan Ives said that he expects Apple to be the first company to reach a $4 trillion 澳洲幸运5官方开奖结果体彩网:market capitalization as AI continues to underpin tech stocks in 2025. Apple shares have gained nearly 30% since the start of this year as of Thursday’s close, slightly outpacing the 澳洲幸运5官方开奖结果体彩网:S&P 500’s performance over the same period.

The🌱 stock was little changed at around $248 in pre🍨market trading Friday.

Below, we take a closer look at the 澳洲幸运5官方开奖结果体彩网:technicals on Apple’s chart and point out important price levels that investors may be wa﷽tching.

Uptrend Continues on Decreasing Volume

Since finding buying interest near the lower trendline of an 澳洲幸运5官方开奖结果体彩网:ascending triangle in early November, Apple shares have continued to trend sharply higher, with the price breaking out above the bull𒊎ish char💝t pattern earlier this month.

While the move indicates a 澳洲幸运5官方开奖结果体彩网:continuation of the stock’s longer-term uptrend, it’s worth noting that declining weekly 澳洲幸运5官方开奖结果体彩网:trading volumes suggest that larger market participants, such as 澳洲幸运5官方开奖结果体彩网:institutional investors and hedge funds, may remain on the sidelines.

Let’s use 澳洲幸运5官方开奖结果体彩网:technical analysis to forecast how a continuation move in Apple shares may play out and also identify two major levels that could provide support during 澳洲幸运5官方开奖结果体彩网:pullbacks.

Bars Pattern Analysis

Investors can use the bars pattern tool to project a potential bullish 澳洲幸运5官方开奖结果体彩网:price target and forecast how🎶 long the stock’s current uptrend may last.

To predict a price target, we extract the trending price bars that preceded the ascending triangle and reposition them from the start of the current move higher. This forecasts a bullish target of around $300, a 澳洲幸运5官方开奖结果体彩网:psychological round number area where investors may decide to 澳洲幸运5官方开奖结果体彩网:lock in profits.

When projecting the timing of a possible continuation move, we analyze the date range of the prior trend🐬, which in this case, took place over 11 weeks. This indicates the current move higher could play out until late January if price history rhymes.

Major Support Levels to W🔥atch During Retracements

The first area to watch during an initial retracement sits around $237, a location on the chart where investors who prefer not to chase 澳洲幸运5官方开奖结果体彩网:breakouts could seek 澳洲幸运5官方开奖结果体彩网:entry points near the ascending triangle’s top trendline.

Finally, a steeper decline in Apple shares could see the price revisit lower support at the $197 level. This area, currently sitting just below the 50-week moving average, would likely encounter buying interest near a trendline that links the July and December 2023 peaks with this year’s August low.

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As of the date this article was written, the author does not own any of the above securities.