Time to buy? Too much negative press. Buy in Fear. Apple has faced a significant amount of negative press recently, which has created a lot of fear and critical perceptions. This situation indicates that in times of fear, you should buy, and in times of greed, you should sell. As a result, I have taken a substantial long position on Apple.
The flag pattern is nearly complete, suggesting that a move is imminent. My stop loss is set at $196, with an expected profit from a positive breakout at $223, indicating potential gains of over 10%. There is further upside potential to exceed >$230.
Apple is a strong long-term hold regardless of current fluctuations. It has an extensive and mature ecosystem, and this is not a company I would bet against. If you already own Apple products, you understand how unlikely it is that you would ever switch to something else.
