At what levels are investors waiting after Apple's share price has dropped?

Traders monitor the performance of “Apple” after the price of its share dropped from the most important psychological obstacle yesterday, and the entry into a technical correction for the first time since August this month. The shares in cohesion failed last week over the level of $ 180 support to trade with less than $ 170 at different times during the Tuesday session. The decline of the share price from that level, and stability in this series, can still drop to the lowest levels in October at $ 165.67, according to Tod Son, director of the boxes distributed on the stock exchange and technical strategy of “strategas securities”. Son said on the phone: “(Apple) is one of the most influential stocks, and so it can see a short -term recovery in the short term after reaching the peak of the sale.” But the traders want to sell it at $ 180 due to the significant decline in its direction. The shares of some of its capital of the most important technology companies such as “Nvidia Corp” and “Meta Platforms Inc” and “Amazon” Rise. The chances of growth. It also elicited its expectations for the fourth quarter. S3 partners. As Apple’s share price has dropped, customers’ concerns about technology shares generally sell increasingly sold in the coming months, even with the dominance of “Invidia”. The iPhone shares still record new low levels compared to the “Investco QQQ Trust Series 1”, which detects the Nasdaq 100 index, which amounts to $ 252 billion. However, the research business “Birinyi Associas” discovered that Apple’s association with the S&B 500 index is not as strong as some people believe. While the value of the correlation coefficient at (1) indicates a complete directing relationship, and reads (0) to the lack of relationship, Apple’s correlation coefficient reached 0.65, compared to 0.69 for Invidia, and 0.36 for the average S&B shares, according to Jeff Robin, director of research in “Perrini”. From a technical perspective, this means that the US stock market could continue to rise, as long as Apple’s shares did not break its constant trend for a few years of its lowest level in 2020, according to “Mark Newton”, head of the technical strategy in “Fundstrat Global Advis”. Newton wrote to clients in a research note: “Although it is not a medium -term concern, the presence of sufficient evidence that the shares of (the seven large) can certainly rise the markets without (Apple) contribution … I see that the price of (Apple) shares will reduce the next month, the attraction will increase significantly.”