kibbbs
Short

AAPL- Don't try to catch a falling knife

NASDAQ:AAPL   APPLE INC
Apple has been getting annihilated since the 4th quarter of 2018 and the move down won't seem to stop.
Here I loaded up the daily chart and zoomed out to show the 3 instances of exponential growth and the following collapse that happened.
With such an exponential rise, a correction is only natural and its no surprise that Apple is going through a big correction at the turn of 2019 with all the economic slowdowns and expectations of an incoming global recession.
Apple may start trending up soon if we consider the previous corrections but I think we've still got a little more room to go down.
According to the support trend line , the correction is still not over; this may be the worst correction Apple will go through.

Besides the chart analysis we also need to consider what's actually going on within Apple . Chart and technical analysis will help but I believe the performance of the company is more detrimental to its stock price.
Apple has been getting called out for its overpriced products. With companies like Huawei on the rise, technology is becoming standardized and price competition is forcing companies to lower its price.
Global consumption has temporarily decreased and with the recent interest rate hike by the Fed, spending will likely decrease.
A quarter of Apple's Iphone market share is taken up by China. The ongoing trade war is pushing the Chinese market away and that has already put a huge damage on Apple's profit; the worst is yet to come.
So I think Apple will have a hard time reversing its trend imminently.
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