The *if* is as follows. The close above the 200 DMA today was in no way 'convincing' or a big break above that level. I can't get on board the bull train for Apple on this weak break above the red line. I'm waiting for more evidence in the next couple of trading sessions for validation of this move. Can the stock hold the red line? Can it rally towards new highs?
Watch 126 for the next important inflection point. If you are looking to get long the stock, don't wait too much longer or you just might get locked out.
Short term rating = BUY
Long term rating = BUY