Apple uptrend opportunity based On 1.00 Lot Calculation:
- Apple has announced that its iPhone (on line) event will take place on October 13.
- The iPhone 12 lineup, in four different models/sizes, is expected to have a new design with squared-off edges, four cameras and support for 5G networks. It is supposed to include a new 5.4-inch size and a 6.7-inch size, the biggest screen ever on iPhones.
- Historically speaking, the share price multiples, such as P/E and P/S are at historic highs. However, the Cupertino-based company succeeded to squeeze out precious profit margins from its products following the fancy public events.
Apple, October 9, 2020
Current Price: 115
|
Apple |
Weekly |
|
Trend direction |
|
|
129 |
|
|
127 |
|
|
124 |
|
|
106 |
|
|
103 |
|
|
101 |
Example of calculation based on weekly trend direction for 1.00 Lot*
|
Apple |
||||||
|
Profit or loss in $ |
1,400 |
1,200 |
900 |
-900 |
-1,200 |
-1,400 |
|
Profit or loss in €** |
1,187 |
1,017 |
763 |
-763 |
-1,017 |
-1,187 |
|
Profit or loss in £** |
1,082 |
928 |
696 |
-696 |
-928 |
-1,082 |
|
Profit or loss in C$** |
1,844 |
1,580 |
1,185 |
-1,185 |
-1,580 |
-1,844 |
* 1.00 lot is equivalent of 100 units
** Calculations for exchange rate used as of 10:45 (GMT+1) 09/10/2020
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Senior Account Manager regarding their use.
*** You may wish to consider closing your position in profit, even if it is lower than suggested one
**** Trailing stop technique can protect the profit – Ask your Senior Account Manager for more details