AAPL is holding up the naz artifically even the though naz is falling hard. That said, AAPL seems to be on the cusp of a head and shoulder pattern. The neck line coincides perfectly with the 50 dma at 167.50. A close below this level means big trouble in my opinion.
Yes big tech is holding up much better than the broader tech market since late October, and $AAPL still looks to be in an uptrend and according to my fair value calculations still slightly undervalued since their business is so strong.
it is called ranging. price has been ranging from 168 to 180 for the past few weeks. on the bigger picture, you can draw a rising channel/trendline.
I'm going to go against the grain here. To me, this whole head&shoulders stuff fits right into the same analogy as trying to read tea-leaves in order to plan a battle. Which pretty much is almost as bad as using bird-signs.