Apple is still trading in an event-driven mode, with the market simultaneously digesting the CEO transition, AI expectations, and the upcoming April 30 earnings report.
Structurally, the stock still looks range-bound rather than impulsive. Investors are not yet willing to price in a strong AI breakout, but they are also not fully pricing in a negative succession scenario, so the tape is mostly waiting for a catalyst.
So Apple is trading with a mildly positive bias, but the bulls are losing momentum. At this stage, they do not have enough strength to break resistance around $275, which could trigger profit-taking and a decline toward $268-265.
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By Anton Kharitonov
Apple (AAPL) is still trading in an event-driven mode, with the market simultaneously digesting the CEO transition, AI expectations, and the upcoming April 30 earnings report. The news that Tim Cook is preparing to
