Apple Short Scenario
AAPL Signal- Entry - $154
- Target - $103
- Invalidation - $180
- Risk to reward ratio - 1.9
Technical confirmations
- RSI divergence showing the weakness.
- Price formed a lower high since All Time High.
- If the price breaks the upward channel and support then it should continue dropping to 0.618 Fib zone.
Fundamental confirmations
Why should price reach Target level?
- 82.5% shares being held by institutions and Top 5 institutional investors share volume change in the past reporting date is -6.5%.
- Cash of company increased due to a debt, but financing and investing sectors of a company fell a lot during Q1 22.
- Estimated earning of 2022 1.43 (0.7 lower than 2021).
- China COVID lockdown increase delay of Apple product shipments.
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