AAPL settles 1%+ below support offering us an opportunity to short this stock. I've indicated the area of entry, stop loss and target keeping a 1%+ buffer in mind. I've detailed ascending and descending, support and resistance on the chart for your reference as well. Keep in mind, the major indexes had tested support this past week. Apple is a HUGE influence on the broader market, if this stock goes lower - it likely takes the rest of the market with it. On the other hand, if the markets grind higher, it could kill this setup as well. Wishing you a blessed and profitable week!
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.