Apple Consolidates at Key Fibonacci Level: Is a Breakout Coming?

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Apple is sitting right under a big technical level: the 38.2% Fibonacci retracement around $279–280. This spot has been blocking price for days, and the stock keeps bouncing between this resistance and the support levels below.

Buyers have already defended the 50% ($276) and 61.8% ($273) Fib levels, which shows there’s still strength in the uptrend. But unless Apple finally pushes above $280 with conviction, it could swing back down to retest those support levels again.

In short: Apple is coiling up, and the breakout direction from here will tell us everything about the next move.
Note
Holding above the 50-MA is especially important. It signals that short-term trend pressure is turning upward again after weeks of chop. If Apple can confirm this strength with a clean push above $280, the next logical upside target becomes the recent swing high near $289.

However, if price slips back under the 50-MA or fails to break through $280, we could see another pullback toward $276 or $273, where previous Fibonacci support levels remain intact.

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