$AAPL: Bubble popped...again?
Updated
I'm short 
AAPL here, I think it is at risk if tensions escalate further with China, after 
NVDA and 
AMD were banned from exporing sensitive AI related gear to China. The chart shows a weekly down trend has popped and a monthly decline can confirm on close if it stays down long enough. Downside is substantial, as seen on chart, the last weekly trend hit the target, before staging a rapid relief rally following the expiration of the trend. I identified the bottom when Goldman Sachs cut their target for AAPL downgrading it before an epic rally ensued. They have a pretty good inverse track record historically in this regard.
Best of luck if taking this trade,
Cheers,
Ivan Labrie.
AAPL here, I think it is at risk if tensions escalate further with China, after NVDA and AMD were banned from exporing sensitive AI related gear to China. The chart shows a weekly down trend has popped and a monthly decline can confirm on close if it stays down long enough. Downside is substantial, as seen on chart, the last weekly trend hit the target, before staging a rapid relief rally following the expiration of the trend. I identified the bottom when Goldman Sachs cut their target for AAPL downgrading it before an epic rally ensued. They have a pretty good inverse track record historically in this regard.Best of luck if taking this trade,
Cheers,
Ivan Labrie.
Comment
Comment
Comment
🔒Want to dive deeper? Check out my paid services below🔒
ivanlabrie.substack.com/
ivanlabrie.substack.com/
Related publications
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.