Technical analysis by lixing_gan about Symbol AAPLX: Buy recommendation (10/29/2025)

Apple (AAPL) extended gains to a record high, briefly pushing its market capitalization past the USD 4 trillion mark as strong iPhone 17 demand and a broad tech rally buoyed sentiment. Early data from Counterpoint Research showed iPhone 17 sales outpacing the previous generation by 14% in the first 10 days across the US and China, underscoring resilient consumer demand despite higher price points. However, signs of moderating lead times and delayed AI feature rollouts may temper momentum ahead of Thursday’s earnings, where investors will focus on iPhone sustainability and progress in Apple’s AI strategy. From a technical perspective, AAPL is approaching the resistance at 127.2% Fibonacci Extension at 275. A break above this level may prompt a further rise toward the 161.8% Fibonacci Extension at 290. Conversely, a retracement may prompt a retest of the support at 245. By Li Xing Gan, Financial Markets Strategist Consultant to Exness