AAPL on the 4-Hr (Short Watch)

I have been on appl Short-Watch since the price collapsed believing there is more room to head south. Finding a decent entry point is the hardest part. This chart speaks for itself and is my trading idea. I haven't decided if it will be n option play or a straight short entry play, if all goes as planned, of course.

Please note -- This is just an idea with the expectation AAPL will move to the $140.00 level and hopefully lower in the next 5 weeks. I will update the entry if/when it happens. I believe the iPhone market is saturated and with sales in China on the decline, the trade war with the U.S., and people holding on to their iPhones longer there are still some headwinds in store for AAPL.

If you have an AAPL trading idea, please post it!

Best,

Biff

Kommentera:

AAPL is now shorted at the $150 level.