Trading idea number S-015 | Apple stock could fall to $160 area.
The configuration is negative. The RSI is below the neutrality area at 50. MACD is below its signal line and negative. In addition, the stock is trading below the 20-day and 50-day moving averages.
The pivot point at 185.52 serves as short resistance, above which we set the stop loss on our short position. A break of S1 support would lead to a price collapse to the $160 area.
📉 Short Entry at 177.3
💰 Take Profit at 161
💸 Stop Loss at 186
The configuration is negative. The RSI is below the neutrality area at 50. MACD is below its signal line and negative. In addition, the stock is trading below the 20-day and 50-day moving averages.
The pivot point at 185.52 serves as short resistance, above which we set the stop loss on our short position. A break of S1 support would lead to a price collapse to the $160 area.
📉 Short Entry at 177.3
💰 Take Profit at 161
💸 Stop Loss at 186