brandonmattis

Apple Inc.

Short
NASDAQ:AAPL   Apple Inc
Price target: $70.00/share

As part of my inverse big tech ETF ...

Apple is another SHORT position going into this economic slowdown. Projecting $AAPL to decline about -60% to the 200-D MA, the .618 fib, and the pre-pandemic level.

1) Cause: Operating margin are coming down. Effect: Apple cutting costs ( Bearish setup)

2) Market cap still holding on which is why $AAPL hasn't crashed yet.

3) Downward EPS revisions

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