if it doesn't break through 50dma @ ~434 with volume and conviction, clearly it hasn't bottomed.......book it. sell now, buy back when aapl should be 'buying back'.....@ ~390, then ~350....then possibly lower.......i see there are those here already hooting '500 by may', 600 by june.....'700 again soon'.....even '900 in 2 years' ...etc. etc. etc....longs are shilling or they are whining and calling for tim cook to be fired.....lol, a bunch of imbeciles who don't appreciate technical trading.....they just throw their money at something....hope, pray and shill....lol
What's to drive AAPL back down to the level of 350? A weak June qtr has already been baked into the stock; there's really nothing of note to act as that much of a downward catalyst now. Now, if something comes out of left field, like say, a sudden major delay with the next iphone or something of that nature, then yes, i could see a new push down. But then again, don't overlook the share buyback and boosted div, which are now reality rather than speculation, so that's another factor in the UPward momentum.
think it will see 50 day next week. aapl has had 3 double bottom setups since dec... 500, 435, 420, and 390. every time there has been a 10% pop that has been sold off. think this is going to 435... then we will see