Apple secures a win as US trade tribunal rejects Masimo’s bid for new watch ban

The rejection of Masimo’s bid to ban Apple Watch imports removes a critical tail-risk overhang, aligning with a surge of positive sentiment regarding Apple’s recovered iPhone market share in China. While this legal win provides fundamental relief to the high-margin wearables segment, the technical outlook remains cautious; the stock is trading at $270.20 with an RSI of 67.06, suggesting it is approaching overbought territory without yet showing a clear bullish breakout above recent structural resistance. With the MACD signaling a potential bearish divergence (MACD 1.66 vs. Signal 2.95) despite the positive news, we are likely seeing a "sell the news" event following the recent 20% shipment surge rally. Traders should monitor the $265 support level—if the price holds here with sustained volume above 1.1x average, it suggests trend continuation toward the $280 psychological ceiling. Conversely, a failure to reclaim momentum despite these wins indicates a broader consolidation phase, making this an ideal zone to lock in gains rather than initiate aggressive new long positions until the MACD crosses bullishly.