Interesting timing for a price downgrade. Barclay's timed the bearish divergence perfectly. Or it might have been to catalyst to confirm the divergence.

Apple will almost surely suffer if they don't get a positive outcome from the courts. To add to the bearish sentiment, Barclay's downgraded Apple's target price to a whopping $160.

The technical setup is not helping one bit. The gap down in price overnight confirms the bearish divergence that was developing in the charts at the end of 2023. This is a very bearish development on the weekly candles. Hence the big drop.

Apple is still a great investment, in my opinion. But you don't want to get caught  holding a bag near all-time highs. Any new money that got in at the top will be very anxious right now. This will also add to the selling.

As always, I am not a financial professional, and this is not investment advice. Be careful and be patient. Dont anticipate the market. Rather, participate in the market. Don't invest money that you can't afford to lose. Give some of your investments time and know when to cut your losses.

Don't be greedy. Don't invest in anything you don't understand. Don't put all of your eggs in one basket. Don't listen to the hype. Don't fomo or panic into or out of trades. Do your own due diligence. And just follow the trends. A trend is your friend. Good luck trading.