AppleApple ( AAPL) is no stranger to downtrends. Year-to-date, Apple has shed nearly 17% from its share price, an absolutely amount of lost value when the firm's $400 billion market capitalization is accounted for. But the tides could be turning for Apple after the firm's third quarter earnings beat snaps sellers out of their groove. >>5 Rocket Stocks to Buy for Earnings Season Since mid-February, Apple has been forming an inverse head and shoulders pattern - a bottoming setup that indicates exhaustion among sellers. After the share unloading they've been engaged in this year, sellers have plenty of reasons to be exhausted. The inverse head and shoulders is formed by two swing lows that bottom out at approximately the same level (shoulders), separated by a lower low between them (the head). The buy signal comes on a breakout above the neckline, which is right at $450 for Apple. There's some extra confirmation in Apple's price momentum this month: 14-day RSI broke its downtrend, making higher lows this past week. Since momentum is a leading indicator of price, that's an auspicious sign. Still, I wouldn't recommend being a buyer until that neckline gets taken out.