AAPL - black candle warning?

Apple earnings were superb, once again this corporate behemoth surprised many. Yet AAPL closed today with a black candle on the daily chart. These are certainly not always harbingers of doom, but...they are often are!


AAPL, daily

Only a break above the recent (what had appeared to be a wave'2) high of 620 would make me bullish on AAPL - when taking into account the current state of the main indexes.

Relative to other stocks, AAPL is under-valued by around 45%, but for the moment...probably best left alone.