NASDAQ:AAPL   Apple Inc
I'm going to give my opinion on AAPL. To me, this is way overextended. Looking at the Fibonacci, there are certain levels AAPL needs to fill. According to the book, .618 is always an excellent area to buy. We are near ALL TIME HIGH; I think the market is using AAPL to cause this bear market rally. It's about time now; selling pressure will start soon or next month. Until then, the market will create a pattern, which will be seen on SPY. I can see the start of descending wedge forming with selling pressure volume today. AAPL will go below 110, and I will take a stand on this one as from covid lows(55), the stock is up 233%, which is excessive growth in just two years with a mega tech stock. This can take 2-4 months to touch my target.


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