I have confirmation of 500 as a major support what it will became resistance once we trade lower like I mention a couple days ago. We are now getting short term sell signals at 502. However the price already moved lower be careful taking that trade. APPL at 500 could go either way Gap fill to 500 or to long term support at 460. The risk reward is not there for me to take a trade.
I believe that in the long term AAPL will not perform better that other tech companies because the IPhone sales are going to be enough to give return like other companies like GOOG, AMZN, NFLX or even TSLA.
DISCLAMER: I currently hold long positions in AAPL which I am considering to cover as I wrote some days ago.
