Apple Inc. has increased its iPhone production in India amid rising tensions between the United States and Russia. The decision to boost manufacturing at UPS facilities in India comes as the country's ties with Russia have become a point of concern for the White House. In the stock market, Apple remains the only member of the 'Magnificent Seven' group of tech stocks trading in positive territory, with its share price around $231.30. Technical analysis indicates support at $222.50 and resistance at $235, with expectations of a potential upside move to $240. Market participants note strong positive gamma exposure, suggesting near-term price stability between these levels. Separately, Advanced Micro Devices Inc. (AMD) is showing a technical setup worth monitoring, as it forms a symmetrical triangle pattern on the one-hour chart, indicating a potential trend development.
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Here's a $AMD setup worth watching at the open. Pro tip: Use Heikin Ashi candles to smooth noise and highlight the trend. https://t.co/5XvqWeeoBZ
$AMD is coiling into a symmetrical triangle on the 1H. Worth watching at the open. Pro tip: Use Heikin Ashi candles to smooth noise and highlight the trend. https://t.co/b5aexNOBgf