Apple Inc. (AAPL) 1H Technical Analysis

Apple (AAPL) is trading within an ascending channel on the 1-hour timeframe, showing a clear short-term uptrend. However, the price is approaching a key resistance zone at $245.50, which aligns with the 0.854 Fibonacci retracement level and a previous supply zone.

The stock's next move will be crucial—either a breakout above resistance, which could signal continuation higher, or a rejection, which could lead to a pullback.

Key Technical Levels
Resistance Levels
$245.50 - $246.00 → Strong resistance (0.854 Fib + supply zone)
$248.50 → Next major resistance (recent high & psychological level)
$250.00+ → Round-number psychological resistance

Support Levels
$243.65 → 0.786 Fibonacci retracement (key support)
$239.88 → 0.618 Fibonacci retracement (first major pullback level)
$237.23 → 50% Fibonacci retracement (medium-term support)
$231.31 → 0.236 Fib support (deeper correction zone)
$228.66 - $226.00 → Strong demand zone (last low)


Indicators & Analysis
Moving Averages
The 20, 50, 100, and 200 EMA (Exponential Moving Averages) are in bullish alignment, confirming the uptrend.
Price is currently above the 50 EMA ($241.91) and 200 EMA ($236.41), acting as dynamic support.

Fibonacci Retracement
Price is hovering around 0.786 ($243.65) and 0.854 ($245.18) retracement levels.
A breakout above 0.854 increases the probability of continuation toward $248.50 - $250.
If price fails at 0.786, we may see a pullback to 0.618 ($239.88).

MACD (Moving Average Convergence Divergence)
The MACD line (blue) is crossing above the signal line (orange) → bullish crossover forming.
Histogram bars are turning green, suggesting growing momentum.
However, if MACD fails to cross, we might see a fakeout rejection at $245.50.

RSI (Relative Strength Index)
Current RSI: 62.73 → Slightly bullish but not overbought.
If RSI stays above 60, bullish momentum is intact.
A drop below 55-50 would signal weakness and possible rejection.

Sentiment Indicator
Recently turned positive (green), signaling improving bullish sentiment.
However, previous red periods indicate caution if resistance holds.

Trade Setups
📈 Bullish Scenario: Breakout Play 🚀
A confirmed break and hold above $245.50 could trigger an uptrend continuation.

Entry: Buy above $245.50 (on strong breakout candle + volume surge)
Target 1: $248.50 (previous high)
Target 2: $250.00+ (psychological level)
Stop-Loss: Below $243.50 (invalidates breakout)
Risk-Reward Ratio: ~2:1

Confirmation Needed:
Strong bullish candle closing above $245.50
Volume increase on breakout
RSI remaining above 60
MACD sustaining bullish crossover


Bearish Scenario: Pullback Play
If AAPL rejects $245.50, it may pull back towards Fibonacci support levels.

Entry: Short below $243.50 (after confirmation of rejection)
Target 1: $239.88 (0.618 Fibonacci)
Target 2: $237.23 (50% Fibonacci)
Stop-Loss: Above $246.00 (invalidates rejection setup)
Risk-Reward Ratio: ~2:1

Bearish Confirmation:
Rejection wicks at $245-$245.50
MACD crossover to bearish
RSI dropping below 55

Bonus: Scalp Trade Opportunity
If $243.65 (0.786 Fib) holds as support, a quick buy scalp can target $245-$246 with a tight stop at $242.50.

Summary & Final Thoughts
AAPL is bullish overall, but facing strong resistance at $245.50.
A breakout above $245.50 could push price toward $248-$250.
A rejection at $245.50 may trigger a pullback to $239-$237.
Watch volume, MACD, and RSI for confirmation.

Which way do you think AAPL will move? Bullish or Bearish? Drop your thoughts below!