**Apple Shares Drop Amid Trump’s Tariff Threats on iPhone Manufacturing**

Apple stock experienced a significant decline towards the end of last week after President Donald Trump announced that the company could face hefty tariffs if it doesn't move iPhone production to the United States. This recent downturn marks the eighth consecutive session of losses for Apple, resulting in a 22% decrease in share value since the start of the year, starkly underperforming compared to its Magnificent Seven counterparts.

The stock faced noticeable selling pressure when it approached the upper trendline of a descending broadening formation and touched the 50-day moving average. Key support levels that investors are advised to observe closely are around $193 and $169. Crucial resistance points are located near $215 and $237.

On Friday, Apple shares fell by 3% to approximately $195, continuing its losing streak. This drop followed a post by President Trump on Truth Social, where he revealed that he discussed with Apple CEO Tim Cook the necessity of manufacturing iPhones in the U.S. Trump asserted that if Apple's production doesn't meet this criterion, the company would face a 25% tariff on iPhone imports.

Trump's latest comments are part of his broader agenda to discourage Apple from expanding iPhone production in India, as the company moves away from its manufacturing base in China—currently subject to some of the highest tariffs among U.S. trading partners. Despite these threats, Apple’s imports, particularly smartphones and computers, have so far been spared from the reciprocal tariffs imposed since early April by the Trump administration.

A closer examination of Apple's stock chart reveals a descending broadening pattern since reaching a record high in late December. The stock repeatedly hit the patterns' upper and lower trendlines and collided with selling resistance near its 50-day moving average. The relative strength index also dipped below its neutral threshold, signaling weakening price momentum.

Additionally, a "death cross" chart pattern formed in early April when the 50-day moving average dipped below the 200-day moving average, hinting at potential further declines. As Apple stocks continue to show vulnerability, they might fall to the initial support level around $193. If this level is breached, the next significant support level stands at $169.

Conversely, any upward movement could push Apple shares to encounter initial resistance around $215. A stronger bullish trend might propel the stock to about $237, a level where prior peaks were recorded last July and October. Investors monitoring these price levels carefully might look for strategic entry and exit points based on these technical signals.