AAPL – Apple Inc.
AAPL – Apple Inc.
AAPL – Apple Inc.
Date: 18 May 2026
Sector: Electronic Technology / Telecommunication Equipment
Exchange: NASDAQ
TradingView link: https://www.tradingview.com/x/IOznyQBQ/
I’ll focus on the most recent pink box for Apple.
Between 2 December 2025 and Thursday 7 May 2026, the stock has been moving sideways, bouncing between roughly $287 on the upside and $244 on the downside.
One important thing to note is that we approached the bottom of the pink box on two separate occasions — January 20th and again on Monday, 11th May — but on both occasions, the price never actually pierced the box's lower boundary.
That is important because it suggests that downside risk has been relatively well contained, even during periods of wider market uncertainty and geopolitical tensions surrounding Iran.
At the same time, though, the upside has also remained capped because Apple has not really kept pace with some of the other technology and semiconductor names that are already aggressively breaking out to all-time highs.
Because of that, there is potentially an opportunity for a catch-up trade if Apple continues to behave constructively and starts pushing out toward fresh all-time highs itself.
Over the last week and a half, we have now seen a succession of blue daily candles, which is encouraging. What is more promising is that the price came back to test the top of the pink box. You need to drop down to the hourly candles to see it properly, but the price briefly dipped below the top of the box, quickly recovered, and has since continued heading back toward all-time highs.
That is very positive price action.
So far, we have had pullbacks and grey candles along the way, but each one, if taken as an entry, would still currently be in profit.
The most recent 4H candle is currently grey, so my entry into this trade would be to wait for it to turn blue, then take the trade on the long side.
Entry trigger:
4H grey candle turning back to blue
Initial stop loss:
Multi-timeframe correlation
3M: Blue candle
1M: Blue candle
1W: Blue candle
1D: Blue candle
4H: Grey candle
When do I tighten the stop loss?:
Last 4H swing low
Potential target range (daily):
$308
Activated price targets:
Am I in this trade: Yes
Current return (R multiple):
+0.25R