APPLE: One More Thing

APPLE: One More Thing

2020-11-03 • Updated

Another event? Great!

On November 10, Apple will hold another digital event. It’s out of order, and probably, that’s what Apple wants to do – probably – to introduce a stronger surprise factor to what it will announce on the day. What will it be? It may be new Macs with Apple’s own ARM-based chips announced earlier this year. It may also be AirTags or AirPods as recently Apple removed all third parties’ audio accessories from its stores. But whatever it is – it better be good. Because the previous event Apple held less than a month ago did not impress the market too much.

...As great as the last time?

The first square shows what happened to Apple stock price on the day of the “Hi, Speed!” event on October 13 – nothing. Even worse, it dropped. That was after a rise to $125 a couple of days earlier, but still – the event itself did not push the price. In fact, Apple’s stock saw nothing but a decline during the second week of October. With one exception: the “false” reversal in the second square. Obviously, we know it’s false only after it proved to be so – at the time, there were probably many traders who were happy to finally see Apple’s stock price rise. But it didn’t rise – instead, kept falling. It’s at September lows now, above $105. This is the support level to watch: very probably, the stock price will not drop any further. Very probably, it will reverse and go back to – eventually - $125. But it’s still too far away. For now, Apple has “One More Thing” to say on November 10 – prepare and watch it.

1.png

Don't know how to trade stocks? Here are some simple steps.

  1. First of all, be sure you’ve downloaded Metatrader 5.FBS allows you to trade stocks only through this software.
  2. Open the MT5 account in your personal area.
  3. Reveal all trading instruments by clicking “show all” at the “Market Watch” window.
  4. Start trading!

                                                                                                LOG IN

Similar

Latest news

USD: Powell Speaks on Cutting Interest Rates
USD: Powell Speaks on Cutting Interest Rates

Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...

WTT: Currency Pairs To Trade In April
WTT: Currency Pairs To Trade In April

Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera