AAPL · 1D · UPTREND
Price has been making higher highs and higher lows since the late-June low around 275, with the EMA 9 and EMA 20 both stacked above the EMA 50, which is above the EMA 200 — every MA in bullish order. The recent push has brought AAPL to the highest swing visible on this chart, just above the prior July peak near 340, and the dashed horizontal reference around 337-338 is now acting as the price anchor. Today's -0.80% candle is the first real pullback after a sharp multi-day rally, and the EMA 9 at 334.42 and EMA 20 at 328.52 are rising steeply toward price — this looks like a time correction more than exhaustion. The news confirms the fundamental backdrop is strong: $109.42 billion Q3 revenue, a ninth consecutive beat, and the stock hitting annual highs Tuesday alongside broader Wall Street optimism. That said, one headline flags a valuation concern at current levels, and mid-range between my entry and the next structural objective is not where I'm stepping in. I'm watching the EMA 9/20 cluster — currently around 334 and 328 respectively, and rising — for a defined pullback entry with structure beneath it.
LONG SCENARIO
Confirmation
328.52
Pullback holds the rising EMA 20 (currently ~328.52, moving higher daily) and prints a reversal candle above it, confirming the higher low structure inside the uptrend.
Invalidation
320
Daily close below 320, which would lose the EMA 50 and the prior consolidation base from late August.
Target 1
348
Measured move projection from the August base width, and the next clean open air level above the current swing high on this chart.
Target 2
358
Extended objective using the same base projection, no visible supply above the swing high on this chart.
Risk/Reward
(348 - 328) / (328 - 320) = 20 / 8 = 2.5:1
Confidence
MEDIUM — trend and fundamentals align, but I'm not chasing into the high; I need the pullback to complete and hold before I have structure to lean on
Resistance: 340 / 348
Support: 328 (rising EMA 20) / 320 (EMA 50 and August base)
This is not financial advice. Content is AI-generated.