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AAPL (Apple) - Bearish Double Top & Momentum - 4 Hour
Apple Inc
Short
AAPL (Apple) - Bearish Double Top & Momentum - 4 Hour
By NoFomoCharts
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Apr 6, 2022
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Apr 6, 2022
AAPL (Apple) stock price has double-topped below $179.11 and has established a lower-high in the price.
Bearish momentum has also begun on the MACD indicator (medium-term time frames).
Entry (short): $175.25
Profit Target +5% (exit): $166.15
Stop Loss -2.5% (exit): $179.68
Intra-day price fluctuations will occur everyday. This chart setup may take several weeks to complete.
Utilize stop loss, profit targets, position sizing, and risk management.
Note: Many stocks and ETFs have reached a price resistance zone, and are showing signs of potentially reversing down.
All content is Not financial advice. Trade at your own risk.
AAPL
apple
Bearish Patterns
DIA
Double Top or Bottom
optionstrading
QQQ
short
SPDR S&P 500 ETF (SPY)
Stocks
Support and Resistance
Trend Lines
NoFomoCharts
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