After a stellar start to 2015, Apple stock has been stuck in neutral. But if history is any indication, the company's stalled rally is setting up for a perfect buying opportunity.
"I think this tight trading range is really just healthy consolidation," technical analyst Ari Wald said Wednesday on CNBC's "Trading Nation." "The stock had moved up a lot, and it's just moving sideways to work off some of those overbought conditions."
Shares of the tech giant soared more than 17 percent in the first eight weeks of the year, but since then have been stuck in a tight range—up a mere 1 percent. But despite the rather dull performance of late, traders are still convinced Apple is a must own for your portfolio.
According to Wald's chart work, the recent activity in the stock has an air of familiarity. "It's interesting to me the similarities between now and the summer of 2010 when Apple moved sideways for a number of months following a major breakout and then resumed higher."
Wald believes the stock will have the same fate this time around, as this sideways move could create a very attractive buying opportunity for investors.
Read MoreIcahn: Apple shares should double