Apple is pulling back into a descending flag after a strong multi-month rally. This still looks like a healthy consolidation if the next move higher is backed by fundamentals. The bullish case needs catalysts to trigger: iPhone 17 supply catching up to demand, Services growth holding in the mid-teens (high-margin EPS leverage), and gross margins staying resilient despite higher AI spend.
If these start to confirm and price pushes higher, the flag can resolve to the upside. If not, a failure could lead to a minor correction toward the anchored VWAP, which would still be consistent with the broader bullish structure. The oversold RSI suggests downside may be limited near-term, supporting the idea of consolidation rather than a full trend break.
If these start to confirm and price pushes higher, the flag can resolve to the upside. If not, a failure could lead to a minor correction toward the anchored VWAP, which would still be consistent with the broader bullish structure. The oversold RSI suggests downside may be limited near-term, supporting the idea of consolidation rather than a full trend break.
Trading leveraged products carries a high level of risk and may result in losses exceeding your initial investment; ensure you fully understand the risks involved.
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Use your TradingView charts to trade your Alchemy account: bit.ly/42vUfjL
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Use your TradingView charts to trade your Alchemy account: bit.ly/42vUfjL
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Trading leveraged products carries a high level of risk and may result in losses exceeding your initial investment; ensure you fully understand the risks involved.
-
Use your TradingView charts to trade your Alchemy account: bit.ly/42vUfjL
-
Use your TradingView charts to trade your Alchemy account: bit.ly/42vUfjL
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.