Apple Powers up Ahead of iPhone 14/Pro Launch
The continued gains from Apple come amid reports that the company may launch the iPhone 14 and iPhone 14 Pro sooner than planned. According to reports, the iPhone 14, iPhone 14 Max, iPhone 14 Pro, and iPhone 14 Pro Max, three new Apple Watch models and AirPods Pro 2 may be hitting the market sooner.
Apple’s share price opened with a gap-up of more than 2% in yesterday’s trading. Intraday trading was relatively bullish, which prompted the share price to close the market with a 67-point gain from the opening price.
#Apple Stock’s rebound from 129.06 in June looks increasingly aggressive, having broken through the 151.72 resistance last July, with a total gain of +30% until yesterday’s market close. In terms of curves, technically the trend for Apple is still relatively moving to the upside, with the possibility to test 179.60 highs or at least be limited to a touch of the descending trendline (since December 2021) around 175.00. Meanwhile, the downside will remain capped at 151.72. The daily RSI hovers around 72, but overbought signs are unlikely to take effect after the CPI report lifted tech prices.
Click here to access our Economic Calendar
Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
Comments are closed