Long-term chart, recent price low has now established a parallel bullish price channel. My indicators point strongly to filling the gap north of $510 in a violent thrust of short covering over the next few days, coinciding with top of subwave 3 for spx. Then look for some choppiness for several weeks. Long to 515 is the play here. Shorts will get absolutely crushed over the next 15-20 trading hours.
Sentiment: Strong Buy
I have no idea how you know how many shorted shares there are but even if you are right that could be completely covered in one day and is an extremely small amt of shares for a company with the outstanding float of aapl.
If aapl had a bigger short interest it would have a better chance of rising, imo.
Just like spx 666, hardly anyone believed it was the bottom when we bounced off it. Shorts got wiped out. Same thing happening now with aapl after all the recent downgrades. The best technicians I follow say aapl will retrace 50 % of this collapse. Near 570. Lots of upside from here. Short story is over folks