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Apple stock price finally left the areas of below $120 and currently trades at $125. A spike is pretty significant. Why suddenly?
First and foremost – Apple’s “Hi, Speed” event is taking place today at 20:00 MT time. The market is expecting to see new iPhones, 5G technologies and much more to be announced. Seriously much more – that’s why so much positivism pushing the price to $130.
Speaking about the price, various agencies raised their estimation of the stock price to $132 and even $150 within the observable future. Fundamentally, these forecasts are based on good sales projections that Apple is believed to enjoy in the coming months.
So be there, watch the event, and prepare your positions for Apple’s stock price. How exactly?
The expectations are high, so the price may well go up to $130 before and during the event. That's why - if you choose to risk - you may want to buy now and see it through the event today. Now, be cautious: immediately after the event, the market may see a bounce downwards just to correct itself and steam off a bit – that’s when investors will weigh the real value of what Apple announces. So put Stop Loss - that's obligatory! Probably, $123 may be approprite for that as that's where the previous candle on H4 closed. Take Profit may be put at $130, or above - if you like to take some more risk.
After the event, if the market is impressed by it, the price will go above $130 establishing that as a new baseline level and probably reaching $135 in the short-term. Otherwise, it will drift across $130 and mildly continue the upward trajectory. Mind the volatility though – no one says it disappears with new iPhones coming to the stage.
Strong: the price goes straight from $125 to $130 before and during the event with no significant correction, then continues rising.
Mild: the price reaches $130, bounces downwards to $126-127, then contunies growing.
Tactics: buy before the event (20:00 MT time) today; Take Profit: $130 and above; Stop Loss: $123.
Don't know how to trade stocks? Here are some simple steps.
Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.
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Today at 00:00 GMT+3 SPCE will present the second quarter 2021 financial results. We will get to know everything about the company's financial condition and plans.
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.
Every week we expect many interesting events that can shake the market.
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