With the massive sell-off Apple has fallen about 40% from it's highest highs back in 2018. I think based on the technicals that I am seeing, that it will continue to drop a bit more and find support around 130- 135 which is a 61.8% retracement from the highs of 2015 to the highs of 2018.
The downtrend is showing signs of weakness as we see indicators like the RSI entering again the oversold levels and a few gaps that might give us an indication that the downtrend is coming to an end. Based on the companies strong fundamentals and the technicals I think AAPL could be a great buy at its current levels to buy and hold for a while.
The downtrend is showing signs of weakness as we see indicators like the RSI entering again the oversold levels and a few gaps that might give us an indication that the downtrend is coming to an end. Based on the companies strong fundamentals and the technicals I think AAPL could be a great buy at its current levels to buy and hold for a while.