Keeping in view the global scenario and possible Interest rate hike in May, Stocks doesn't look too good to long. Apple looks like a great opportunity to Short once price falls below 154$ with targets 144 - 130 - 118 - 104$. Invalidation would be 180$. Its a swing setup and may take weeks to yield results.
Technical Reason for this Short :-
Risk reward ratio is pretty good
RSI divergence is showing the weakness
Price formed a lower high since All Time High
If the price breaks the upward channel and support then it should continue dropping to 0.618 Fib zone.
Fundamental confirmations for this Short :
82.5% shares being held by institutions and Top 5 institutional investors share volume change in the past reporting date is -6.5%.
Cash of company increased due to a debt, but financing and investing sectors of a company fell a lot during Q1 22.
Estimated earning of 2022 1.43 (0.7 lower than 2021).
China COVID lockdown increase delay of Apple product shipments.
Technical Reason for this Short :-
Risk reward ratio is pretty good
RSI divergence is showing the weakness
Price formed a lower high since All Time High
If the price breaks the upward channel and support then it should continue dropping to 0.618 Fib zone.
Fundamental confirmations for this Short :
82.5% shares being held by institutions and Top 5 institutional investors share volume change in the past reporting date is -6.5%.
Cash of company increased due to a debt, but financing and investing sectors of a company fell a lot during Q1 22.
Estimated earning of 2022 1.43 (0.7 lower than 2021).
China COVID lockdown increase delay of Apple product shipments.