It has been over a year since we last looked at Apple (AAPL). The economy and the market have been providing an interesting plot to follow since that post in January 2022.
Last week, Apple reported earnings for its 23Q2. The next day, AAPL traded up %4.69 and closed at $173.57.
A look at AAPL’s daily chart shows no resistance MA lines being respected. The only respect Apple’s stock pays is to its 40-day SMA support line, which registered in January of this year:
On an hourly view, AAPL respects the 266-hour and 270-hour SMA lines, and sees no resistance lines:
It would be a good idea to keep these lines in mind when tracking the price action on Apple’s stock.