Apple stock holds gains after trend reversal with bulls facing next hurdle this week
Apple stock opens strong on July 3, nearing resistance with short-term trend still intact
Apple Inc. (AAPL) is trading at $214.03 in early U.S. trading on July 3, holding firm after breaking above a multi-month downtrend. The stock opened the session near its highest level since March, with bulls now confronting a critical resistance band between $215 and $218.
Highlights
- Apple trades at $214.03 after clearing $210 and retesting monthly pivot and R4 resistance
- Price action nears dense supply zone between $215–$218 as technical pressure builds
- Pullback support seen at $208–$210, with higher target near $229 if breakout continues
While the broader structure remains bullish, overbought signals suggest short-term hesitation may emerge.
Breakout holds but resistance looms overhead
Apple’s breakout from its February downtrend accelerated in late June and has since reclaimed the key pivot at $207.87. Price is now testing R4 ($211.95) and approaching R5 ($218.13), zones that previously saw heavy distribution.
AAPL price dynamics (Source: TradingView)
The daily chart confirms bullish structure, with AAPL closing above the 50% Fibonacci retracement and mid-pitchfork band near $208, strengthening the case for continuation if $215 is breached. The next key resistance is near $218, while upside targets extend to $229.36 if the breakout sustains.
Momentum firms but buyers show early caution
On lower timeframes, Apple is trading above all major EMAs, with the 200 EMA at $209.95 serving as dynamic support. However, the stock is hugging the upper Bollinger Band and RSI sits near 68.6 on the 30-minute chart—just shy of the overbought threshold. The MACD has begun to flatten, and early-session price action suggests traders are testing resistance but not committing heavily yet.Should momentum stall, a pullback toward $208–$210 could follow. That area is now viewed as the key zone where buyers are likely to defend the uptrend.
In earlier coverage, we noted Apple’s breakout through $210 and highlighted the importance of reclaiming the mid-pitchfork channel. That milestone has been reached, and with price now testing the $215–$218 resistance range, the focus turns to whether bulls can power through or if consolidation will follow into next week’s trade.
