AAPL short position set-up here.
Former support turned resistance about to get hit. Along with the high RSI at 70+ I'm expecting a move downward. My target is the strong 140 support. However I may look to sell earlier at 142 or 142.50 and take gains.
Target 1 = 150.00
Target 2 = 142.50
Target 3 = 140.00
SL = 158.50
Low risk high reward play. Although be aware...
Currently on the verge of breaking out towards the higher 80s range. Also worth keeping an eye on the earnings report on 29 July. After the initial breakout it might trade sideways for a bit before a good earnings report could potentially boost it up a lot. Analyists are expecting a good report, with Merck's recent spin-off we've already had the ex-div ''drop''...
Broke out of the upper channel. Seems like a decent opportunity to go short here.
TP: 1550.00 (-> I can see lower if we break, towards 1520 area)
SL: 1605.00
