Apple (AAPL) Recovers 50% from Recent Deep
Apple (AAPL) Recovers 50% from Recent Decline – Technical Outlook & Forecast
Apple Inc. (AAPL) has made a strong recovery after experiencing a sharp decline earlier this month. The downturn, which affected several major U.S. tech stocks, was largely triggered by the release of China’s AI model, DeepSeek, on the 21st. However, the broader market has since rebounded, regaining much of the lost ground.
Technical Analysis
AAPL is currently trading at a key technical level, the 50% Fibonacci retracement of its recent decline. This indicates a partial recovery from the previous drop, positioning the stock at a potential decision point for traders.
Support Level: $231
Resistance Level: $260
Current Price Area: Near 50% Fibonacci retracement
Trade Plan
Given the recent recovery, I anticipate a potential pullback before further upward movement. My strategy is as follows:
Entry: Waiting for a pullback to $237
Stop Loss (SL): $231 to limit downside risk
Take Profit 1 (TP1): $260, aligning with resistance levels
Conclusion
AAPL's recovery from its recent dip suggests strong buying interest. However, market volatility remains a factor, so careful risk management is essential. Trade with caution and follow your risk strategy.
Apple Inc. (AAPL) has made a strong recovery after experiencing a sharp decline earlier this month. The downturn, which affected several major U.S. tech stocks, was largely triggered by the release of China’s AI model, DeepSeek, on the 21st. However, the broader market has since rebounded, regaining much of the lost ground.
Technical Analysis
AAPL is currently trading at a key technical level, the 50% Fibonacci retracement of its recent decline. This indicates a partial recovery from the previous drop, positioning the stock at a potential decision point for traders.
Support Level: $231
Resistance Level: $260
Current Price Area: Near 50% Fibonacci retracement
Trade Plan
Given the recent recovery, I anticipate a potential pullback before further upward movement. My strategy is as follows:
Entry: Waiting for a pullback to $237
Stop Loss (SL): $231 to limit downside risk
Take Profit 1 (TP1): $260, aligning with resistance levels
Conclusion
AAPL's recovery from its recent dip suggests strong buying interest. However, market volatility remains a factor, so careful risk management is essential. Trade with caution and follow your risk strategy.
Trade active
AAPL has retraced to my entry point.
I hope we ride for long