Are we dealing with fake AAPL breakout?

BATS:AAPL   Apple Inc
Apple's share price rose sharply on June 11th following its annual developer event, where new artificial intelligence features were unveiled. This pushed the price up to $220 per share. Although the price has since retraced some of these gains, it found support at the 50% retracement level of the move from $192 to $222.

The price also breached the key $197.85 level, which had capped the price in December 2023 and summer 2023. As long as the share price remains above $195, it is likely to continue pushing higher. The next resistance levels are $220 and $227.

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