Apple stock price tests key resistance as bulls eye breakout above $213
AAPL trades near $213 after reclaiming key levels
Apple Inc. (NASDAQ: AAPL) extended its recent rebound on May 2, approaching a critical resistance level near $213.50 after climbing from April’s low around $170. The stock’s technical structure now points to a firm uptrend across both daily and intraday charts, with bulls reclaiming the previously contested $207–$210 zone. This reclaim sets the foundation for a potential breakout, as AAPL tests a descending trendline drawn from the February-March highs.
The 4-hour RSI stands near 63, reflecting bullish strength that is not yet overbought. MACD also supports continued momentum, with a positive crossover and expanding histogram, though recent flattening hints at some caution ahead of resistance. Bollinger Bands show the price hugging the upper boundary, suggesting a continuation is possible but increasingly dependent on buyer conviction.
On the 30-minute chart, support is firm around $208, with a lower cushion at $205.70. These intraday levels are essential for bulls to retain control, especially as the 200 EMA flattens near $207. A failure to hold this zone could lead to a pullback toward $202 or even $198. Meanwhile, a confirmed breakout above $213.50 could accelerate gains toward $218.92 and $220—levels that previously acted as supply zones during the March decline.
Apple price dynamics (December 2024 - May 2025) Source: TradingView.
May 2–3 outlook: Bulls must hold $208 to keep control
For the remainder of May 2, Apple’s bias remains bullish above $208, with the potential for an upside breakout if momentum builds through $213.50. A close above that threshold could trigger a push toward $218 into the weekend. However, rejection at this level may result in minor profit-taking and a short-term retreat to $207, without disrupting the broader bullish trend.
By May 3, a successful daily close above $213 would confirm a short-term breakout and open space for a move toward the $220 region. If momentum fades and price reverses below $208, the rally may temporarily stall, with support at $205.70 providing a potential bounce point.
As covered in our prior analysis, AAPL had built a rounded base pattern in the $169–$174 region during March and April. This structure signaled accumulation, which is now manifesting in the breakout attempt from late April. Holding above $207 remains key for the current uptrend to continue, with bulls eyeing a clean push beyond $213 as confirmation of renewed upward momentum.
