Apple looks favored again on its local-AI tie-up with Meta, a story said to help the stock. Near term, after red candles, it stalls at $345 to $350 resistance and a pullback is possible in the next few days; the three-year weekly chart stays constructive, favored over the daily.

Okay, let's take a look at Apple here, which is your next choice. We have reached a new record level at Apple. We have a new leader in the field of hardware. We have some new devices from Apple, this home lineup, that compete with some big names in thermostats and door cameras.

How do you view Apple trading near its all- time highs, Tim?

Well, you know, it's always the idea that this stock is loved again, and I'm talking about the idea of local artificial intelligence. Oh , they had that announcement, Mark Zuckerberg went on Twitter to talk about it, which is kind of funny, but you know, that partnership with Apple for local artificial intelligence.

I've spoken about how much I admire that. By the way, putting aside all the stocks, and getting back to the political point, one piece of advice for you: if the elections go in a bad direction, well, there is one thing I want you to do today, buy the biggest hard drive you can get, go to "Hugging Face", and download every local model you want.

Because if the regulations go as Dario wants, you'll be lucky if you can get ChatGPT to tell you what 2 plus 2 equals. Secure those local models, save them, and make sure you're protected.

Regardless, Apple, as you know, with this news along with Meta, just saw the iPhone Duo sold out, a new CEO, and a strong chart in this situation that we have already talked about .

As you know, when we're looking for these short-term trading opportunities , you always want to look for those names that don't follow the herd, okay? Because when it holds firm, and when the market shifts, it is always the first to take off.

So, among iPhone users, I wasn't very impressed with their small iPad at home, but they'll figure it out. It's Apple, this is the first version, but when you combine it with the iPhone and the fact that I'm still trying to get more of it.

You are still unable to get a Mac Studio with a large amount of RAM. It has been out of stock in the markets for 6 months. I think it will continue to run out in the markets for years.

As people move more and more towards those local models and they become more mainstream , Apple is doing well in this area, which is a story that isn't covered enough in the media and I think it really helps this stock.

Okay, KG, let's delve into the technical aspects of Apple then. I mean, if we just look at the last six months , let's say, we're up about 30% here. What do you see in the graphs?

Well, I think if you look at the last six months or so, higher highs, higher lows , that's the case. We are now actually pausing at this current level where we are still recording higher lows, but we have this neckline around $345 to $350 that is acting as a resistance zone.

Unfortunately, you don't really like seeing three or four red candles settle in that specific area of ​​resistance. This somewhat suggests that we do n't have enough momentum for a potential breakout here, and there may be a pullback in the next few days.

You should look at the 20-day moving average at around $338, which is your first support zone. If it breaks below that, it will reach the 50-day moving average. Now, you can feel some excitement because the MACD indicator is still in an upward trend.

The EMA 12 indicator is above the EMA 26 indicator. But this is a kind of establishment for a possible breakout. But again, you really don't like seeing those red candles stop at the end of the trend.

On the three- year weekly chart , here you gain more confidence that you are once again having higher highs and higher lows. It may approach a lower support zone ; this type of channel line is still intact.

We are beginning to see the trading volume profile becoming somewhat complete here. Does that mean that money is trading at this specific level? That may be the case, but we still have a green candle for this week.

You are looking at an upper resistance level at $366. The MACD and RSI indicators also look relatively well here . So get more optimistic on the weekly or three-year weekly chart rather than the daily one, and we'll see how this stock trades here.

I believe they also have a product release today if I'm not mistaken. So that could also be a big driver for this name over the next week.

It's like Apple; despite its decline today, it has remained resilient throughout all this chaos this week.