CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Apple

Market Opportunities - 09/10/2020

09 October, 2020

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible opportunity for profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

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

UP

Resistance 3

129

Resistance 2

127

Resistance 1

124

Support 1

106

Support 2

103

Support 3

101

Example of calculation based on weekly trend direction for 1.00 Lot*

Apple

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

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

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