AAPL Just broke out of the ascending trendline since Nov.Short opportunity ahead, a good entry will be when price retests ascending trendline and we get a rejection with confirmation.
Stop Loss level will be above previous ATH resistance levels
Take Profit levels gives a good 1:2 RR Ratio.
Normally I would avoid shorting stocks with a strong historical uptrend. With the inflation situation going on in the US, this set-up doesn't look bad for a short entry.
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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.