I expect AAPL to be bearish till late September/early October and find support on or near the orange trend line that I've drawn on the graph. I expect it to bounce up off the orange support line and be bullish till it hits the red resistance trend line. The intermittent support and resistance lines are shown in Blue.
As a long-term holder, I'd wait a little longer to buy-in. For a short-term trader, this is a good time to sell and collect profits as the stock is at resistance and thus seems to be bearish in the short run as evident per the historical prices.
As a long-term holder, I'd wait a little longer to buy-in. For a short-term trader, this is a good time to sell and collect profits as the stock is at resistance and thus seems to be bearish in the short run as evident per the historical prices.