$AAPLB
Apple ($AAPLB ): Record High While Nasdaq Bleeds
The Nasdaq 100 fell 5.5% this week, but Apple( $AAPLB ) closed at a record $343.46 on October 16, with a market cap near $5 trillion. (kucoin) (macdailynews)
đč Technicals
Price is above the 50-day average (~$325.7) and the 200-day average. (financhill)
RSI is about 62: strong momentum, not yet overbought. (financhill)
Support is near $329. Resistance is the record high around $348. (journalarta)
đč Catalyst
The $1,999 iPhone Duo reportedly sold out within minutes of preorders opening. Evercore has a $380 target, while UBS warns demand could fade. (benzinga) (defenseworld)
đč Risks
The P/E is about 39, and the average analyst target (~$328) sits below the current price. Macro pressure from the 6.3% PPI and high yields also remains. (Yahoo Finance) (tickernerd)
đč Scenarios
Bullish: a close above $348 could open the way toward $350 and higher.
Bearish: a break below $329 could send it toward $325.
#AAPLB #TechnicalAnalysis #Nasdaq #stockmarket
Apple ($AAPLB ): Record High While Nasdaq Bleeds
The Nasdaq 100 fell 5.5% this week, but Apple( $AAPLB ) closed at a record $343.46 on October 16, with a market cap near $5 trillion. (kucoin) (macdailynews)
đč Technicals
Price is above the 50-day average (~$325.7) and the 200-day average. (financhill)
RSI is about 62: strong momentum, not yet overbought. (financhill)
Support is near $329. Resistance is the record high around $348. (journalarta)
đč Catalyst
The $1,999 iPhone Duo reportedly sold out within minutes of preorders opening. Evercore has a $380 target, while UBS warns demand could fade. (benzinga) (defenseworld)
đč Risks
The P/E is about 39, and the average analyst target (~$328) sits below the current price. Macro pressure from the 6.3% PPI and high yields also remains. (Yahoo Finance) (tickernerd)
đč Scenarios
Bullish: a close above $348 could open the way toward $350 and higher.
Bearish: a break below $329 could send it toward $325.
#AAPLB #TechnicalAnalysis #Nasdaq #stockmarket