ONLINE FOREX BROKER
2021-07-07 • Updated
Apple’s stock has been steadily rising since the beginning of June. It has gained 13% over the past month. The price has managed to hold above 124.00 supported by 200-day MA and approached the 2021 high of 145.00. What’s next?
First, iPhone 12 sales have been very good. The series has actually become the most successful launch of an Apple lineup since the iPhone 6 in 2014. Apple now dominates in the 5G sales market. Given the fact that iPhone 12 is the most expensive model, it’s easy to see how this is generating revenue for the firm.
Moreover, the company prepares to launch the iPhone 13 in September. Apple has a tradition of launching new iPhones in autumn and historically the stock has a tendency to strengthen ahead of these releases. The P/E multiple at the low 20s, stable yields and a dip in market volatility add to the stock’s favorable prospects.
The factors outlined above explain how Apple may keep outperforming in the months to come. Analysts at JPMorgan expect Apple’s stock to rise to $170. Perhaps, $170 is a long shot. In case of a break above $145 we prefer focusing on $155 where the resistance line comes. Corrections on the way there are also possible: notice that the price is rather far from the moving averages and they will need to reunite once again. The key support level is at $137: as long as the stock remains above it, buyers will rule the market pushing the price higher and higher.
More and more analysts are sure Brent oil will surpass $100 a barrel. So how heavily will oil move the markets, and what will the direction of the movement be? Let's find out!
About PayPal PayPal is an electronic commerce company that facilitates payments between parties through online transfers…
Institutional investors speak about further growth in the stock market. In the exact market that has doubled since COVID-19 and doesn’t plan to stop. Is it possible?
Let's dive into the latest developments shaping the global economic landscape. Good news first: the threat of an unprecedented US debt crisis has receded, as US lawmakers passed a bill to raise the debt ceiling and avoid a catastrophic default. Phew! But don't pop the champagne just yet, because storm clouds are still looming. High inflation, rising interest rates, and sluggish growth are challenges that have yet to disappear.
Thanks to the incredible advancements in horizontal drilling and fracking technology, the United States has experienced a mind-blowing shale revolution. They've become the heavyweight champion of crude oil production, leaving Saudi Arabia and Russia in the dust. They even turned the tables and became net exporters of refined petroleum products in 2011.
Let's dive into the world of gold. Currently, the price of gold, represented by XAUUSD, is stuck in indecision, hovering around the $1,975 mark. The market is anxiously awaiting two important factors: the release of the Federal Reserve's meeting minutes and the extension of the US debt ceiling.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
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!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
