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AAPL Building Support Ahead of Glowtime Event

Written By: ChartChamp

September 9, 2024

Today is a big day for AAPL stock, as the company is hosting a Glowtime event to unveil products such as the iPhone 16 and Apple Watch. AAPL is neutral headed into the event, and is building support at $217.30. I think AAPL is likely to unveil some AI features that could hype up their products. The price is resting near support so there could be a rebound forming here if the event goes well. So far it seems like there was a selloff headed into the event so I can see a post event rally given that we have some bullish CPI and PPI inflation data ahead.

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