The consolidation is well underway. Notice the negative RSI/MACD & increasing selling volume. If you're looking for a long-term entry, be patient and wait for Apple to dip to $100-110 before entering, We're clearly inside of a bull flag on the monthly chart, and technology as a whole is continuing to draw down. A hard selling week could push the candle wick below this flag and touch the 20-month exponential. That has been the long term support looking back to Jan 2019. If Apple should break down below that point, we're looking at the 50 month moving average currently hoovering around $63. Candlestick-volume analysis will help determine which of these price zones is the point of support. I am not long until we get there. That said! Apple has been known to pivot when its stock is beaten down, we could easily see a short term bounce forming an ascending triangle off the 8-mo exponential we're currently at. I'm inclined to wait patiently until we see a surge of interest move back into this stock before taking a position.
