$Apple(AAPL)$ Apple’s short-term trend has turned constructive again. After a brief correction earlier this month, the stock rebounded sharply, reclaiming all major EMAs (5, 10, 20, 30), which are now showing a synchronized upward alignment — a typical early-stage bullish setup.
The recent breakout above $260 has pushed price toward the previous swing high at $265.29, a key resistance zone. If Apple can sustain above $257–258 and attract follow-through buying, momentum could extend toward the $270–275 range in the near term.
Momentum indicators support the rebound:
• MACD is turning positive, with histogram bars shrinking on the downside — early signs of a bullish crossover.
• RSI (6) at 75 suggests short-term overbought conditions, meaning minor pullbacks are possible but not yet signaling exhaustion.
• KDJ fast line (J=98) remains elevated, indicating short-term traders may lock in some profit soon.
Strategy:
Stay constructive above $257 support. Traders could consider buying dips near the 5-day EMA ($257) or adding on a breakout above $266 with volume confirmation. A close below $252 would weaken the structure and signal potential retest of the $245 zone.
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