$AAPL: Bubble popped...again?

I'm short here, I think it is at risk if tensions escalate further with China, after and were banned from exporing sensitive AI related gear to China. The chart shows a weekly down trend has popped and a monthly decline can confirm on close if it stays down long enough. Downside is substantial, as seen on chart, the last weekly trend hit the target, before staging a rapid relief rally following the expiration of the trend. I identified the bottom when Goldman Sachs cut their target for downgrading it before an epic rally ensued. They have a pretty good inverse track record historically in this regard.
Best of luck if taking this trade,

Cheers,

Ivan Labrie.

註釋