Apple closed lower today on a positive earnings report and has made a bearish engulfing candlestick pattern in the process. There is an RSI divergence present and optimism in general for the stock and its future. This all points to at least a medium term top.
I suggest going short with a stop on a daily close above today’s high and with a target of about 20%-30% lower from where the price is now.
Whoever chooses to go with the trade good luck.
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