TRADE SETUP AAPL (APPLE STOCKS)

Where do we stand fundamentally?

AAPL shares have dropped significantly—over 12% this week alone—marking its worst week since March 2020. This slide is largely attributed to delays in the rollout of AI-powered Siri upgrades, which analysts had hoped would boost iPhone sales in 2025 and 2026. Morgan Stanley cut its price target from $275 to $252, citing a slower iPhone replacement cycle, while Citi lowered its 2025 iPhone sales estimate to 232 million units, down from a previous 5% growth forecast to just 2%. The delay in Siri’s revamp, originally anticipated to drive an upgrade cycle, has left investors skeptical about near-term growth, especially amid tariff risks and rising competition in China.

On the product front, Apple just launched an immersive concert experience featuring Metallica for the Apple Vision Pro, available today, March 14. This follows their announcement of new iPad and iPad Air models earlier this week, equipped with updated processors (A16 for the iPad, M3 for the iPad Air) and a new Magic Keyboard for the Air. These releases come alongside news of a dramatic software overhaul planned for iOS 19, iPadOS 19, and macOS 16 later this year, aiming to unify and refresh the look of Apple’s operating systems

AAPL is testing the strong support of a broadening wedge and the channel support. This bounce could lead to a test of 240. It would be the end of the short-term fourth wave correction and the beginning of the fifth final wave.

The indicated scenario above would be invalidated only in the case of a break below 200. Acceleration higher will happen in the case of a break above 217.

_{I am taking a near-term long-trade entry with an SL below 200 to target 240 and possibly higher. You can trade it with options as well by buying call options.}