The Apple-Share (WKN: 865985) is moving from the 19-month low recorded in January 2023 at USD 124.17 in an intact long-term Uptrend. After a strong downward correction from the record high of USD 260.10 recorded in December 2024 to a correction low reached in April (USD 169.21), the paper has worked its way northwards again in the past few months. In yesterday’s trading, after preliminary consolidation, the price finally reached a high level volume accompanied breakout above the price peak of the previous year up to new all-time high at $264.38. With a daily close at USD 262.24 after profit-taking, the breakout cannot yet be viewed as sustainable in terms of price. As confirmation of the validity of the breakout signal, a further break at the end of the day above the next Fibonacci extension level could now occur $265.06 act. Possible next extension targets above can be identified at USD 268.66, USD 272.26/274.48 and USD 283.90-294.82. Looking to the downside, possible pullbacks should attract buying interest at $258.06-260.10 or at the latest at $253.38-255.63 so as not to jeopardize the bullish picture in the short-term time frame. A daily close below this would indicate the start of an extended consolidation or correction of the medium-term uptrend.
