The Trust Layer for Market Analysts

Apple (AAPL) has experienced a recent sell-off, losing approximately 10% since December. Despite this, the stock appears to be finding support around the 260.00 level, which corresponds to prior resistance and Fibonacci retracement levels from the August 2023 low. The Ichimoku cloud on a daily timeframe suggests this area could act as a significant support zone. Given the stock's ability to hold this level and show some recovery towards the end of the trading week, a bullish outlook is proposed. The target price is set at 275.00, with an invalidation level below the recent lows, specifically at 250.00, which would signal a failure of this bullish setup and indicate a more significant downtrend. The current price is 260.14.