Apple: Watching Key Resistance and Breakout Levels

2 months ago

Josh

"The number one place for being bullish on the chart belongs to Apple. We talked about it yesterday that they were going up when everything else was going down. And the most important price point to watch there is $280. Now, we've hitten a little bit of a threshold of resistance. It's been vacasillating in a very tight range up at the top showing still some strength. But if it gets above 280, especially if the rest of the market begins to melt up and things do well with Nvidia's earnings, then Apple may finally hit $300. The first target is going to be 288 to 295. Now, now we always want to keep a sober view of the charts because we don't know what's going to happen next week. Alternatively, if it can't hold 260 next week, well then the up story is done for now."

The commentary focuses on Apple's technical resistance at $280, suggesting that a breakout could propel the stock toward a target range of 288 to 295, and eventually toward $300 if market conditions improve. The speaker advises caution if the support at 260 fails next week.

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