Apollo Global Surges 3.61% on Bullish Technical Analysis, Extending Two-Day Rally to 8.52%

Apollo Global (APO) has surged 3.61% in the most recent session, extending its two-day rally to +8.52%. This sharp upward momentum warrants a detailed technical analysis to assess sustainability and potential risks.
Candlestick Theory
Recent price action exhibits a strong bullish bias, with a two-day reversal pattern forming above key psychological levels. The prior 52-week low at $130.02 and the 2025-12-09 high of $145.99 define critical support/resistance zones.

A bullish engulfing pattern is evident as prices closed above the $143.89 level, suggesting conviction in the short-term uptrend. Key support at $137.38 (2025-12-08 close) and resistance at $149.08 (2025-12-10 close) are critical for trend validation.
Moving Average Theory
Short-term momentum aligns with the 50-day MA (calculated at ~$139.50) crossing above the 100-day MA (~$137.20), signaling a bullish crossover. The 200-day MA (~$135.80) remains below both, reinforcing an intermediate-term uptrend. Price currently trades above all three averages, indicating a strong bull market. However, the narrowing gap between the 50-day and 100-day MA suggests potential for a consolidation phase.
MACD & KDJ Indicators
The MACD histogram shows expanding positive divergence, with the MACD line above the signal line, confirming bullish momentum. The KDJ stochastic oscillator (K at 85, D at 78) indicates overbought conditions, raising caution about near-term profit-taking. A bearish crossover in KDJ may precede a pullback to test the $137.38 support level.
Bollinger Bands
Volatility has expanded recently, with prices approaching the upper Bollinger Band ($149.595). Band width contraction in early December (e.g., 2025-12-03) preceded the breakout, suggesting a high-probability continuation. Prices may retrace to the 20-day moving average (~$145.00) before resuming the uptrend.
Volume-Price Relationship
Trading volume has surged to $745.47 million (2025-12-10), a 10.4% increase from the prior day. This aligns with the price rally, validating the strength of the move. However, volume may need to remain above $700 million to sustain the uptrend; a drop below $600 million could signal weakening momentum.
Relative Strength Index (RSI)
The 14-period RSI stands at 68, nearing overbought territory. While this suggests exhaustion, the bullish divergence in price-volume action implies the rally may persist. A close below 60 would trigger caution, with potential support at the 50-level (neutral territory).
Fibonacci Retracement
Applying Fibonacci levels from the 2025-04-09 low ($108.10) to the 2025-08-05 high ($151.58), key retracement levels include:
- 23.6% ($139.20)
- 38.2% ($133.00)
- 50% ($130.30)
- 61.8% ($127.30)
Price currently tests the 23.6% level ($139.20), suggesting potential for a pullback to the 38.2% level before resuming the uptrend.
Confluence and Divergences
Strong alignment exists between the bullish engulfing candlestick pattern, MACD momentum, and volume surge, supporting a continuation. However, the overbought RSI and KDJ levels create a short-term risk of profit-taking. A divergence between RSI and price action (e.g., lower highs in RSI despite higher price) would heighten caution.

The analysis suggests Apollo Global is in a high-probability bullish phase, supported by multiple indicators, but traders should monitor overbought momentum and Fibonacci retracement levels for potential corrections.