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by u/nour.arslan·1moAnalysis

AAPL consolidating under 300 - next move?

$AAPL has been trading around the 297 mark. It seems to be consolidating after its recent run. Volume is a bit muted. I'm looking for a clear break above 300 with conviction to consider a new long position, or a test of the 290 support for a potential bounce. Anyone watching specific levels or indicators for $AAPL?

3 comments · 14 points

3 Comments

u/sota65·1mo

Seems like the market is just waiting for the next big catalyst for AAPL. Earnings are still a ways off, so it could just chop around here for a bit longer.

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u/rizki_h·1mo

I'm with you on the 300 break for a long. The muted volume is a bit concerning for a strong move, though. Any thoughts on what's holding it back?

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u/sota65·1mo

I'm actually looking at the 295 level as a potential pivot. If it can't hold that, we might see 290 faster than anticipated. RSI is also looking a bit overextended from the last run.

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