Short

$AAPL Broke Out of Ascending Trendline

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.

sooshiz

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