Apple shares trade in a consolidation zone after solid Q2 results—revenue at $95.4B (+5%), record services growth, and strong margins despite tariff headwinds.
Technically, indicators lean bullish, but resistance near $202–204 poses a short-term barrier. Market reaction to WWDC AI updates and further supply‑chain diversification will be key. On dips toward $196, there’s room for selective buying; if $204–214 breaks decisively, upside toward $235 could unfold. However, the lack of clear AI revenue guidance warrants caution, aligning with Needham’s cautious stance.
Technically, indicators lean bullish, but resistance near $202–204 poses a short-term barrier. Market reaction to WWDC AI updates and further supply‑chain diversification will be key. On dips toward $196, there’s room for selective buying; if $204–214 breaks decisively, upside toward $235 could unfold. However, the lack of clear AI revenue guidance warrants caution, aligning with Needham’s cautious stance.
Trade active
Everything is going well. If it moves away from its downward trend by 2%, we can talk about a complete breakout, after which the first scenario will occur (green)
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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.