Apple looks OVERVALUED!!! Tech is going down. People are rotating into companies that have PE multiples that make sense! Yes they have a ton of cash on hand and will be completely fine, so for most of you it might be a buying opportunity but I see this sucker going down at least -20% to -30%.
That white box is a head and shoulders reversal pattern. A break below $120 would signal possible confirmation of a new downtrend. Over time it's been bouncing off the 200 day moving average so that's where I'd aim this time again.
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