Apple’s recent surge may be stalling. On the 4H chart (shown), the candles are beginning to reject resistance and rolling over from the highs around $213. I believe we are entering a short-term downward phase, with price likely to revisit the $205 area before any meaningful bounce.
MACD has just turned positive on the daily — but the weak histogram suggests the move may lack conviction.
RSI is beginning to fade from its highs earlier this week — confirming momentum loss.
Watch for a move toward $205 as a potential retest of the previous breakout zone.
If buyers fail to defend that level, further downside could unfold. A confirmed bounce from that zone, however, could set up a great long opportunity. Let’s see how price behaves.
Thoughts? Drop yours below
MACD has just turned positive on the daily — but the weak histogram suggests the move may lack conviction.
RSI is beginning to fade from its highs earlier this week — confirming momentum loss.
Watch for a move toward $205 as a potential retest of the previous breakout zone.
If buyers fail to defend that level, further downside could unfold. A confirmed bounce from that zone, however, could set up a great long opportunity. Let’s see how price behaves.
Thoughts? Drop yours below
Trade active
Nailed the Pullback to $205! What’s Next?In my previous post, I called for a short-term pullback in
AAPL to the $205 zone. This morning (May 19), price dipped to a low of $204.26 before bouncing to $207+ — a textbook retrace to prior support.Target Hit: The $205 retest is in!
Price action shows bulls stepping in aggressively at that level, validating it as strong support.
However, today’s candle has a long lower wick — while that suggests demand, the low volume so far (~14M) shows buyers are cautious.
I’m watching to see if price can reclaim $210+ with strength and volume. If not, this bounce could just be a dead-cat before another leg down.
Keep your eye on the $204–$205 range — any breakdown there, and we may be headed back toward $200.
What do you think — is this bounce for real or just relief?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.