Test- FTSE 100 Kicks Off August on a High as BP and Senior Lead Market Momentum
$11
10 Oct 2025, 13:13
Chart & Data from IG
Taking a look at Apple as it continues to rally ever since testing the support along the 200-day moving average. Currently, its stock is trading at around $193.82 a share. We can see the price bounced off the 200MA on the 8th of January, then it pulled back for a retest on the 17th of January. Since then, Apple’s shares are up more than 7% and back to $190's. The next level of resistance to keep an eye for here is $196.69 followed by the all-time high of $199.61 (green oval). A break above the all-time highs could lead to a new support level above the $200 mark, but the price would likely need to close above $200 as a starting point. The support for the bulls now sits at $191.43 and then at $187.45. A move below $187.45 may be a warning signal for the near term, suggesting that momentum is weakening. As a result, the price then could slowly decline back towards the 200MA. On the basis of the technical indicators, they are rather positive. The MACD on the daily timeframe has just turned positive and the RSI is reading 62.
(Chart & Data from IG)