What is pulling the stocks down?
Besides coronavirus, other news has been driving the stocks of Apple, Wallmart and General Motors to the lower levels.
Will the Apple stocks rise?
Do you know that you can trade stocks of the top companies with FBS? This is not just a random reminder, as Apple is going to make some exciting announcements today at 19:00 MT time! So don’t forget to check your MT 5!
What to expect?
During the so-called “It’s Showtime” event, the company will announce some of its new products and services.
One of the most anticipated announcement is, of course, the launch of a Netflix rival alongside with the new Apple TV. In addition, it is expected that Apple plans to announce an updated Apple News Subscription, which would aggregate news and magazine subscriptions into one product.
What else we may expect from the meeting? Last week, Apple CEO Tim Cook announced its second generation of AirPods. This announcement led to speculation on whether the long-awaited AirPower mat, a wireless charging system for Apple devices, would be released as well.
What about the stocks?
On Friday, Apple stocks plunged to the support at 189.55 on the risk aversion. If they continue to fall, the next support will lie at 185.90. Otherwise, if today’s release supports the price for Apple shares, it will rise above the resistance at 196.3. The next resistance in focus is placed at 209.5.
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