AAPL is a strong buy as an AI play due to new Macs and data center demand exceeding the iPhone narrative.
Jump to any passage
you know this is an idea uh I just keep bringing a lot like Micron. It's a repeat from last week. Um my opinion is a little bit different. It's not all iPhone. It's more that guy right there.
Very excited about John Turnis and really really excited when these desktop Macs actually get available. I keep, you know, trying to pre-order one. It's pushed out to January. But AI story, I think it's bigger than the iPhone right now.
And a lot of people don't realize that, but you got a new CEO. You got all these new Macs with this AI enhanced hardware hitting the market. And then to me, I'm just kind of sprinkling the iPhone on as a bonus. But love this stock as an AI play.
Then you add in obviously new iPhone. I'm probably going to go get the wife that thing. It's huge. I don't know, but she wants one. Um, a lot of buzz around this company, both from the consumer and from basically the proumer and even data centers.
Uh, you know, the the story hit a week or two ago. Open AAI was literally buying tens of thousands of Mac minis and studios to train hardware. They're using it because it's some of the best hardware out there.
So, basically, they're selling everything at this point.
Yeah, things were looking quite a bit more precarious a few days ago. Apple was on the verge of crossing below its upward sloping channel type shape here between our two white lines.
Actually, we even made some new relative lows beyond 313. But things were writed rather quickly. A big surge to the upside then. And now we find ourselves possibly even breaking out of the channel shape to the upside.
So, uh, per potentially a bullish breakout from an already bullish pattern.
Our downward sloping trend line as well that began off those highs has been broken here. So, now the next level to be on the lookout for is what happens here at this red line because that was a gap level near about 337.
We also had some lows there where a gap opened up. uh that's been broken pretty resoundingly at this point near about 330. But that could be then a supportive area to watch out for because that was uh also the site of our previous high.
So the uh old support became a brief period of resistance that has since been broken.
Our moving averages here are 5-day EMA in dark blue 326 could be a supportive area to watch as well. 21day comes in at about 319. We are pushing above our downward sloping red trend line on the RSI.
So the next step would be to watch for a break into the oversold area that threshold of 70.
Uh our volume profile study shows that we are starting to push beyond some of our heavily traded areas into the the lighter thinly traded areas here. 328 to 336 is kind of the the best we can do in terms of a clear node about where we are now.
But the the much more distinct area of heavy trading, our note here come is 308 to 314. That one is much more noteworthy as a supportive area potentially.
What this channel has said about $AAPL
Schwab Network has 15 calls on this stock; only the adjacent ones are shown.