Yesterday, after the close of the regular trading session, Apple released its earnings report, which surpassed analysts’ expectations:
→ Earnings per share: actual = $1.57, forecast = $1.43;
→ Revenue: actual = $94.04 billion, forecast = $89.35 billion.

As a result, AAPL shares surged in the post-market, rising from $207.57 to $212.51.

Media Commentary:

→ The company reported a 13% year-on-year increase in iPhone sales.
→ However, according to Tim Cook, tariffs have already cost the company $800 million and this figure could exceed $1 billion in the next quarter.

Technical Analysis of the Apple (AAPL) Stock Chart

Following the volatility in April 2025, price action has justified the construction of an ascending channel (marked in blue). The $216 level, which has acted as a key reference point since March, remains a significant resistance area, because:

→ It has consistently prevented AAPL from reaching the upper boundary of the channel;
→ Even in the wake of a strong earnings report, the price failed to break through this level in post-market trading.

If the $216 level continues to cap gains in the coming days – despite the positive report – the stock might pull back towards the median line of the blue channel (following the post-market rally). This zone often reflects a balance between supply and demand. While such a retracement would appear technically justified, it may raise concerns among shareholders, particularly when compared to the more aggressive price rallies seen in the shares of other tech giants, such as Microsoft (MSFT), as we discussed yesterday.

From a more pessimistic perspective, peak A may turn out to be yet another lower high within a broader bearish structure that has been forming on the AAPL chart since December 2024, when the stock reached its all-time high around the $260 level.

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