AAPL

(weekly chart : long-term uptrend intact, though sub-industry trend [yellow line] may experience double-top, near term bearish)

 

Pivot Low 533 (Stop Loss 1)

S1 516 (Stop Loss 2)

S2 480 (Stop Loss 3)

 

 

AAPL

(daily chart : near-term downtrend, as confirmed by broken 200MA and sub-industry trend [yellow line] showing relative weakness)

 

Technical Buy Point 1 > 555.50

Technical Buy Point 2 > 566

 

* Capitulation (selling) in recent days likely lead to rebound.

* Lower risk if re-enter after a base is formed, especially given tough market now, rather than on first day of rebound.

* Lower risk if re-enter at Technical Buy Points 1 & 2.

* Risks remain high (until further basing) so scaling in with small positions preferred to large ones, given current market and S2 of $480 where price may technically retrace to.