Apple’s stock (NASDAQ:AAPL) is currently trading within a specific range and has the potential to form a double top pattern. Although my bias is towards a downward trend, I advise against entering any trade until the stock breaks outside of the range or the valley of the double top pattern at 167.50. If it breaks out of the range, the potential target is at 141.75, with an extreme target of 127.75.
If you do not trade options, consider exploring NASDAQ:AAPD, a bearish 1x ETF that you can use to short or hedge your portfolio.