AAPL short position set-up here.
Former support turned resistance about to get hit. Along with the high RSI at 70+ I'm expecting a move downward. My target is the strong 140 support. However I may look to sell earlier at 142 or 142.50 and take gains.
Target 1 = 150.00
Target 2 = 142.50
Target 3 = 140.00
SL = 158.50
Low risk high reward play. Although be aware of earnings next week.
Former support turned resistance about to get hit. Along with the high RSI at 70+ I'm expecting a move downward. My target is the strong 140 support. However I may look to sell earlier at 142 or 142.50 and take gains.
Target 1 = 150.00
Target 2 = 142.50
Target 3 = 140.00
SL = 158.50
Low risk high reward play. Although be aware of earnings next week.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.