APPLE: how to trade the "Hi, Speed!" event?

APPLE: how to trade the "Hi, Speed!" event?

Hi, Speed!

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.

How to trade it

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.

So here are the scenarios

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.

APPLEH4.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

Deposit with your local payment systems

Learn more

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 00:30:00

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

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

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