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.
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- Mortimer Arthur·10-22Blowout earnings! The leak is in. BUY now before 270. Will come down two dollars before the big buys. i’ve been correct all along so far. on its way to 300.LikeReport
- Astrid Stephen·10-23AAPL breaks $260! Buy dips at $257.LikeReport
- Venus Reade·10-22We went under $260 … this is not goodLikeReport
- AnnaMaria·10-22What an insightful analysis! Love it! [Applaud][Heart]LikeReport