The share price of Apple Inc. continues to show positive momentum. After pulling back from resistance around $266.00 to support at $262.00, the uptrend resumed, with quotes breaking the mentioned resistance and testing the $270.00 level.
Next, bulls may test resistance in the $274.00–$276.00 range. A breakout above this zone would open the way for a move toward $280.00, where sellers are likely to become active.
Pullbacks into the $266.00–$262.00 area can still be considered buying opportunities. A loss of this range would lead to a decline toward $256.00, where demand may also emerge.
Supported by strong earnings and continued interest in the company’s products, the outlook for the stock remains constructive, and the long-term uptrend is intact.
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