Todd Gordon of TradingAnalysis.com is warning savvy investors not to totally turn sour on Apple Inc. just because the stock has slipped from it’s recent high.

Apple shares have slipped more than 2 percent from its recent high but Gordon explained to CNBC that the tech titan has actually fallen into a "corrective support," where the stock “is sitting in the middle of an uptrend parallel channel, suggesting it is neither overbought nor oversold,” CNBC.com explained.

The upper limit of that channel, says Gordon, is around the $185 to $190 level, which he says Apple could reach this month. That's about 8 to 11 percent higher from Apple stock's current levels of around $171.

"We did take out the lows from last week and triggered some sell stops, [there was some fear in the] market but then you can see Apple recovering nicely here," he said Thursday on CNBC's "Trading Nation."

"It looks like we should be able to move on up towards the $180 level into late 2017 and early 2018, and perhaps reach $190 to $200, which will take Apple to a trillion dollar market cap."

"If we break back below these highs at about $165, I'm going to start being concerned about the outlook for this breakout," he said. "I really want to see this former resistance hold now as support. If we break through $165, close the trade."

Apple has surged 48 percent this year, CNBC said.

The Nikkei business daily reported on Thursday that Apple is designing its own power-management chips for use in iPhones as early as 2018, Reuters reported.

If confirmed, the move would reduce Apple’s dependence on the Anglo-German chipmaker, which itself is heavily reliant on the smartphone industry and has been trying to diversify its customer base.

Investors are particularly jittery after Apple said in April that it planned to replace graphics chip supplier Imagination Technologies, sending the London-listed stock down 70 percent in a single session. Imagination was subsequently sold off in two separate deals.

In the past dozen years U.S. tech giant Apple has dropped several smaller chip suppliers, ultimately forcing them to merge with bigger rivals.

The Nikkei business daily quoted one source saying iPhone would make about half its own power-management chips, starting next year, with another source saying this could be delayed until 2019.

(Newsmax wire services contributed to this report).