The AAPL (Apple Inc.) short swing trade setup first posted on June 23rd (as an un-triggered setup only) just triggered a short entry on this break below the primary uptrend line with an alternative entry to come on a solid daily close below it. Original (June 23rd) and updated daily charts below.
AAPL daily June 23rd
AAPL daily July 10th
Should this breakdown stick, with AAPL going on to hit any & especially all of the current price targets, that would almost certainly provide a headwind for the major stock indices so let’s see how the stock closes today & trades going forward along with the rest of the market-leading tech stocks.
Suggested stops for this trade should be commensurate with one’s price target(s) and average entry price using a favorable R/R of at least 2:1 or better.