Short-Term Trading Setup: Apple Tests Resistance Below Moving Averages

Binni Ong
06-12

$Apple(AAPL)$ WWDC 2025 Highlights – Summary

  • "Liquid Glass" Design: Major UI redesign across all Apple platforms (iOS 26, macOS Tahoe, etc.).

  • Apple Intelligence: On-device AI features like Live Translation, Visual Intelligence, and Genmoji.

  • New Features: Updates to CarPlay, Apple Watch (AI Workout Buddy), and a new Game app.

  • Version Naming: OS versions now aligned with calendar years (e.g., iOS 26).

The market is disappointed with the limited Siri announcement

Apple focused less on Siri this year, acknowledging improvements are still in progress. Analysts noted the stock dipped ~1.5% post-keynote amid tempered expectations around AI features

Let’s take a look at Apple stock performance

Apple is currently trading below several key moving averages and is facing resistance in the US$202 to US$214 range. This zone has repeatedly acted as a barrier to upward movement. On the downside, support is seen at US$193, with a more significant level near US$170.

In the context of short-term trading:

  • If the price continues to struggle below the resistance zone, this may suggest potential near-term weakness.

  • Conversely, a breakout above US$214 with momentum could indicate a possible shift toward short-term strength.

Daily Leverage Certificates (DLCs) can provide leveraged exposure to these movements. Long DLCs (e.g. $APPLE 3xLongSG261204US$(IPTW.SI)$ ) are structured to reflect amplified returns when the underlying stock rises, while short DLCs (e.g. $APPLE 3xShortSG261006(PODW.SI)$ ) aim to do so when it falls—both on a daily basis.

Hit the follow button to stay updated! I post valuable trading and investing insights every week—don’t miss out on being the first to know!

For more information about DLCs, visit https://dlc.socgen.com/en/education/handbook 

Disclaimer: 

This document is not an offer or solicitation to buy or sell, nor financial advice or recommendation for any investment product. This document has been published for general circulation only. 

This advertisement has not been reviewed by the Monetary Authority of Singapore. This post is sponsored by Societe Generale, Singapore Branch. The content of this article does not form part of any offer or invitation to buy or sell any daily leverage certificates (the “DLCs”), and nothing herein should be considered as financial advice or recommendation. The price may rise and fall in value rapidly and holders may lose all of their investment. Any past performance is not indicative of future performance. Investments in DLCs carry significant risks, please see dlc.socgen.com for further information and relevant risks. The DLCs are for specified investment products (SIP) qualified investors only.

Mag 7 Earnings Wrap-up: Is AI Boom Still Driving the Market?
Big Tech's earnings season is nearly complete — with only Nvidia left on deck. Among the Magnificent 7, 3 names rallied after their reports, while Tesla, Amazon and Apple stumbled. As earnings wrap up, one question remains: did this quarter reaffirm your faith in Big Tech? Who surprise you the most? Is AI boom still the best theme in stock market?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment