Potentially flagging down with another opportunity to enter at ~$116. Could grind sideways, but ultimately back to ATH. Apple dividend alone pays better than most savings accounts.
Note
bull flag as expected, reading like a book. Accumulating more shares by midday tomorrow or Monday (117 to 115) if it can't find support at the 120,00 level. might whipsaw & retest a couple times in the AH, a few shares might trade down to 110 but the freakout appears to be exhausted here.Note
picked up some unloved AAPL shares today. punched through it's bull flag pennant. Playing out a little faster than I expected. Blink and this correction could be over. Big overnight change in rates could occur with BOJ swapping for US treasuries, putting upward pressure on stocks - particularly high quality tech stocks...Note
Acquired more shares of 
AAPL yesterday amidst the bloodbath in the ^NDX. Apple regained its bull pennant today. I'm forecasting shares will climb to $129/share by last week of April. Apple sells off on in rapid amplitude, but gain trajectories are more gradual adjacent to earnings or upgrades. And being that earnings are first week of May, a modest recovery in the share price leading into those earnings are likely the catalyst for the next major move higher or lower. If the ipad line (including the Mini Pro) and the M1 17' MBP is released before then, coupled with a new AR devices and/or service & any EV acquisition, the stock will more than likely ramp steadily back to ATH. We could get no new products or news but simply a blowout 5G iPhone upgrade cycle underway with iPhones 12s and Airpod Maxes fueled by stimulus and tax refunds to push it back to ATH as well. Combine the two scenarios and APPL reaches $165-$170/share in 2021.
Taking all that into consideration, I'd say how AAPL is trading right now to be a discount to the market, and a net buying opportunity.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.