What Is The Downside On Apple (AAPL)?
What is the downside on Apple (AAPL) if the tariff proposals become reality? The best way to understand the downside is to run a retracement on Apple. The way to track a retracement is to track from a low to a high.
In this case, we use the low of February low to the recent high. Then we look at a pullback of 382%, 50% and 61.80% which are the Fibonacci retracement levels.
At a minimum, one should expect a pullback to $199.33 the 38.2% retracement. This would be a good level to enter the stock.
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