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.
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🔒Want to dive deeper? Check out my paid services below🔒
linktr.ee/ivanlabrie
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.