Apple Short Scenario

22 Apr 2022

AAPL Signal

• Entry - $154
  
• Target - $103
  
• Invalidation - $180
  
• Risk to reward ratio - 1.9
  

Technical confirmations

• RSI divergence showing the weakness.
  
• Price formed a lower high since All Time High.
  
• If the price breaks the upward channel and support then it should continue dropping to 0.618 Fib zone.
  

Fundamental confirmations
Why should price reach Target level?

• 82.5% shares being held by institutions and Top 5 institutional investors share volume change in the past reporting date is -6.5%.
  
• Cash of company increased due to a debt, but financing and investing sectors of a company fell a lot during Q1 22.
  
• Estimated earning of 2022 1.43 (0.7 lower than 2021).
  
• China COVID lockdown increase delay of Apple product shipments.