AAPL Short Trading Idea
A short trading idea for Apple Inc. is based on the stock approaching a strong resistance zone around $190–195, where price has repeatedly faced rejection. Technical indicators point to weakening momentum, with RSI in overbought territory and early signs of a potential double top or lower high structure forming. This suggests the upside may be limited in the short term and a pullback is increasingly likely 📊. The trade setup is to enter a short position in the $188–192 range, with a stop-loss placed above $197 to manage risk. Downside targets are set at $180 and $172, offering a favorable risk/reward ratio of around 1:2 or better. This structure provides a clear invalidation level and defined profit zones for disciplined execution 🎯. Trade Plan: 🔻 Entry: $188–192 🛑 Stop-loss: $197 🎯 Take-profit 1: $180 🎯 Take-profit 2: $172 On the fundamental side, bearish pressure may come from slowing iPhone demand, margin compression, and broader tech sector exhaustion. However, risks remain, including strong buyback
0