AAPL Short Position (1:5 ratio)
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 of earnings next week.
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 of earnings next week.
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