Apple IncShort
Potential Short Apple WWDC 2023
From a TA perspective, we can see Apple in a parallel channel. Price action bounced off a weekly level 124.55. After the first impulse bounce off the weekly, the retracement of the price action hits the .382 Fibonacci level (aka Dead cat bounce).
From a Fundamental perspective, Apple's World Wide Developer's Conference can be the catalyst to send the price a little higher from where we are today. In turn, this could potentially send the price action back down to the bottom of the parallel channel.
From a Fundamental perspective, Apple's World Wide Developer's Conference can be the catalyst to send the price a little higher from where we are today. In turn, this could potentially send the price action back down to the bottom of the parallel channel.
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