Technical analysis by bbqgio about Symbol AAPLX: Buy recommendation (1/6/2026)

AAPL is still in a long-term uptrend on the 1D chart (holding above the EMA(120) at $254.95), but price action has cooled into a rectangle after the early December 2025 peak. The tape is currently “stuck” between short-term pressure (SuperTrend bearish at $277.27 and MACD below zero) and underlying demand near the EMA(60) at $267.39, with ATR around 4.39 suggesting a decisive move could expand quickly once the range resolves. Fundamentally, the backdrop is mixed: Vision Pro demand/production concerns and valuation sensitivity (P/E 35.68 vs its 10-year average) are headwinds, while iPhone strength, Services growth, and AI/robotics narrative keep the longer-term bid intact. Analyst tone remains constructive with a ‘Moderate Buy’ consensus and an average target near $299.10, alongside a $300 bullish target call. For the bullish path, I want to see a daily close > $278.00 (reclaiming $277.27) and then a breakout/close above the range cap near $288 to open $295 and the $300 area. If bears force a daily close < $266.00, the rectangle fails and $254.95 becomes the next magnet, with $250 as the deeper downside objective; that breakdown is invalidated back above $273. This is a study, not financial advice. Manage risk and invalidations. Thought of the Day 💡 Discipline is simply executing your plan when the market is noisy. ------------------------- Thanks for your support! If you found this idea helpful or learned something new, drop a like 👍 and leave a comment, I’d love to hear your thoughts!