Possible Swing Trade Short Scenario

BATS:AAPL   Apple Inc
277 0 0
From a purely technical perspective, this stock is just above a psychological resistance zone (4 hour chart). It is still lacking enough bearish price structure to justify a swing trade short at these prices. If over the next week, if it presents sound selling structure on the 30min to 1 Hr             time frame, an attractive selling opportunity can emerge. Risk can be measured by the recent swing high at this point in time (possibly 455 area). Bearish momentum will be further confirmed on the breach of 435 which is also the first target for this short idea. The second target is 415. This scenario especially seems plausible since the S&P             has been makng all time highs while this stock is nowhere near its all time high. I interpret this as a sign of relative weakness. At the moment the bigger picture momentum is still bullish and validation is needed before this scenario in play.

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out