I think there is more downside for the Apple stock. The MACD still look overbought. All previous markets have ended with Apple testing 50 EMA on a monthly chart. There are few instances (1999, 2001, 2008) where Apple stock went below 50 EMA on a monthly chart. I still believe that the Apple stock will eventually bottom out between 80 and 90 which is below 50 EMA. One of my previous post on Apple:
