Apple Inc. (AAPL) shares experienced a notable decline over a seven-day period, approaching a critical support level near $200. Market analysts and trading algorithms have identified this price point as a potential reversal zone, with probabilities ranging from 51.3% to 58.3% for a bullish turnaround. Several traders reported increased call option activity, particularly around the June 6th $200 strike, suggesting growing investor interest in a rebound. Technical indicators show that the stock is filling a price gap from early May and aligning with the anchored volume-weighted average price (VWAP) near $200, which traders are closely monitoring. Despite some daily declines and cautious sentiment due to mixed indicators, there were signs of recovery as the stock bounced off the $200 level, with some market participants anticipating a 2% gain to retest the 50-day moving average. Concurrently, the U.S. Dollar Index (DXY) fell below 100, a move considered bullish for cryptocurrencies like Bitcoin but unrelated to Apple's stock performance. Overall, the $200 support level remains pivotal for Apple, with market participants debating whether this marks a bottom and a buying opportunity targeting a potential rise back toward the $220-$230 range.
$AAPL I wouldn’t be surprised if we get a decent 2% ish up move tomorrow to retest the 50dma. Yolo 0dte’s anyone..?
Added a decent amount of $AAPL positions today into that 200 test, was today the bottom there? Sure feels like heads back to 220-230 range from here and like the flows with risk/reward at these levels
$AAPL hitting hod gap fill / $200 bounce area working. One hour to go in the day.