Apple shares are slipping on Monday, after enjoying an incredible surge last week, but one trader sees a big opportunity to make money on the tech giant's next move.
Excitement over the iPhone 7 launch helped Apple shares to add 11.3 percent last week, for the stock's best week since 2011. But Todd Gordon of TradingAnalysis.com thinks that the shares may "run out of the supply of natural buyers," meaning there will be "no one left to push the stock up and then selling will come in."
With two hours left in Monday's session, the stock is down 1.3 percent.
On the chart, Gordon sees the shares running into "a zone of resistance," he said Monday on CNBC's "Trading Nation," noting that the stock will have trouble rising above $116 in the days ahead.