AAPL Pullback: 10-EMA Bounce with RS Line at New High

Wait 5 sec.

AAPL Pullback: 10-EMA Bounce with RS Line at New HighApple Inc.NASDAQ:AAPLLevelUpToolsAnalysis: ▪ Price has pulled back to the 10-EMA, presenting a potential entry point. ▪ Closing range at 60%, indicating controlled consolidation rather than aggressive selling. ▪ Excellent relative strength compared to the broader market. ▪ Relative Strength (RS) Line has been hitting new highs consistently over the past several weeks, signaling outperformance and bullish momentum. Trade Idea: ▪ Long Entry: Near current levels or on a bounce from 10-EMA. ▪ Stop Loss: Below recent low or 10-EMA for risk management. ▪ Target: Recent high at $277. ▪ Risk/Reward: Aim for 1:2 or better; monitor for volume confirmation.