Apple’s (AAPL) Breakout and Retest in 2020

In mid-2020, Apple (AAPL) stock broke out above the key $100 resistance level (split-adjusted) following strong earnings and growing investor enthusiasm for tech stocks during the pandemic. After rallying to around $137 by September, AAPL retraced to retest the $100 breakout level in October.

This retest confirmed $100 as a new support zone, attracting fresh buyers. Following this validation, AAPL resumed its uptrend, eventually surging past $150 in 2021 and hitting new all-time highs. However, a failed retest of key levels in 2022 signaled a temporary downturn amid broader market weakness.