AAPL short the resistance or buy the possible breakout?
Apple is at the 175 level resistance and is having trouble pushing through.
Aggressive short sellers can short Apple here with a target near 165 (the support level), and have a tight stop loss near 178.
Breakout traders can consider buying here with a target of 180-182.5 with a stop loss near 170. Buying here doesn't offer a good risk:reward ratio so it's probably best not to add to your long positions here.
Aggressive short sellers can short Apple here with a target near 165 (the support level), and have a tight stop loss near 178.
Breakout traders can consider buying here with a target of 180-182.5 with a stop loss near 170. Buying here doesn't offer a good risk:reward ratio so it's probably best not to add to your long positions here.
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