Apple stock (AAPL) has experienced significant volatility following the launch of the iPhone 17. Initially, the stock faced heavy selling pressure, dropping by 35% from its previous highs. However, it has since rebounded sharply, recovering 43% and breaking through a crucial resistance level at $227, which now serves as support. This development suggests the correction phase may be over, and there is potential for the stock to retest its all-time high of $260 if the current bullish momentum continues.
From a technical perspective, the monthly chart indicates a bullish trend with the EMAs forming a golden crossover and the MACD histogram rising. However, caution remains due to a bearish divergence in the RSI and a bearish crossover in the MACD lines. On the daily and 4-hour charts, mixed signals persist, with the RSI showing bearish divergence and the MACD lines crossed bearishly, yet the MACD histogram suggests a potential shift in momentum.
Overall, while the stock shows signs of recovery, investors should remain cautious and watch for further confirmation of the bullish trend.
