Looks like shorting AAPL at this level has a pretty high win rate. A week ago, Apple’s stock price took a big hit after cutting new iPhone orders due to chip costs. But then came the AI bubble panic. Since Apple has almost no AI capital exposure, it became the top choice for safe-haven funds, pushing the stock from $330 to a new high of $345. However, its price has dropped below the $345 resistance level for four consecutive trading days. Without major fundamental changes (like earnings data), it’s going to be tough to break through $345. Next, all it takes is for the AI panic to ease, and safe-haven funds to flow out—AAPL will likely head downward. From the perspective of Apple bulls, failing to break $345 means it’ll need to retest the $330 support level to stabilize the structure (similar to GOOG at $350 during its rally).
