AAPL will not reach ATH for a decade

AAPL has been holding at this level for weeks, despite having had horrible financial results. The reason behind this is retail mama and papa traders who are buying because they hope for a pivot or a soft landing. The reality is completely different, as shown in the recent inflation report which indicates that the Fed will move rates above 5.5-6%, which will hurt the tech sector as a whole. AAPL is likely the only stock that didn't drop in this bear market, however, it is showing signs of losing momentum. Retail traders aren't aware of how high the FED fund rate will go and how much it will hurt the tech sector where AAPL is leader. Also when retail traders figure out there is no more free helicopter money they will start to sell stock which didn't fallen yet!

The volume is neutral and is not confirming this up move in the last several weeks.
The RSI is neutral, while the MACD is ticking higher.

Overall: there is a good chance that AAPL will not reach its ATH for a decade or so. It didn't fall with the market, even though there are several reasons for it to drop like a stone, starting from China close, moving to India, chip issues, and others, all of which were seen in their reports and future guidance. In the mid-term, it is likely that AAPL will break below this support line, lower the trend line, and continue to move toward the $80 area before it starts climbing again to a new ATH.