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Apple Q4 earnings expected strong with 15.3% iPhone sales growth but faces technical resistance near $355-$360.

Technical Signals
29 Oct 2026, 16:28 WIB
Seeking Alpha
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Bearish
Apple Q4 earnings expected strong with 15.3% iPhone sales growth but faces technical resistance near $355-$360.

Apple Inc. is forecasted to report a 7.4% increase in Q4 earnings to $1.99 per share and a 10.7% revenue rise to $113.4 billion, driven by a 15.3% growth in iPhone sales reaching $56.5 billion. Despite bullish market sentiment, Apple faces strong resistance at the $355-$360 price range and limited support until $330, raising downside risk after earnings. Technical indicators suggest vulnerability, with potential price targets at $328 or $315 if the uptrend breaks. To maintain its rally, Apple must exceed earnings expectations; otherwise, short-term selling pressure may increase.

Apple Inc. trades at USD 349.75 on Pluang as of Oct 29, 2026, 20:41 WIB, showing a 1.72% gain in the last day. Despite positive earnings forecasts, 65% of Pluang orders are selling Apple shares, indicating cautious investor sentiment. The stock's market cap stands at $5.02 trillion, reflecting its massive scale in the technology sector.

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