Apple weekly uptrend opportunity based On 1.00 Lot Calculation:
- Apple Inc. raked in 64.7 billion dollars in revenue last quarter, accompanied with a net income of 12.67 billion dollars. According to Bloomberg, for the current quarter, Apple Inc. is expected to rake in a record of 101.6 billion dollars in revenue, as the ongoing holiday season and the new iPhone 12 line could be expected to push up sales figures.
- Apple Inc. is expected to release its last quarter financial results on January 27, 2021.
- Apple Inc. is the most valuable company in the world, with market capitalization of more than 2 trillion dollars.
- Apple Inc. continued to break new records as its iPhone 12 and iPhone pro became the world’s top 5G smartphone taking up 16% and 8%, respectively, of the sales markets share in October. They only sold for two weeks in October, pointing to a bright future. Just for comparison, Samsung’s Galaxy Note Ultra 5G was third at 4.0%. Apple launched its four iPhone 12 models in waves, selling the $799 iPhone 12 and more capable $999 iPhone 12 Pro in October, and the smaller $699 iPhone 12 Mini and larger $1099 iPhone 12 Pro Max in November.
- Apple Inc. also is expected to pursue production of an electric passenger vehicle by 2024 based on self- driving systems. They also said will be working on a breakthrough battery technology. Rumors also emerged to say that Apple could release the vehicle by the third quarter of 2021, which is much earlier that earlier estimated 2024.
APPLE, January 8, 2021
Current Price: 131.00
APPLE |
Weekly |
Trend direction |
|
160.00 |
|
145.00 |
|
138.00 |
|
124.50 |
|
120.00 |
|
115.00 |
Example of calculation base on weekly trend direction for 1.00 Lot*
APPLE |
||||||
Pivot Points |
||||||
Profit or loss in $ |
2,900.00 |
1,400.00 |
700.00 |
-650.00 |
-1,100.00 |
-1,600.00 |
Profit or loss in €** |
2,371.22 |
1,144.73 |
572.36 |
-531.48 |
-899.43 |
-1,308.26 |
Profit or loss in £** |
2,134.86 |
1,030.62 |
515.31 |
-478.50 |
-809.78 |
-1,177.86 |
Profit or loss in C$** |
3,679.52 |
1,776.32 |
888.16 |
-824.72 |
-1,395.68 |
-2,030.08 |
* 1.00 lot is equivalent of 100 units
** Calculations for exchange rate used as of 10:00 (GMT) 08/01/2021
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client 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 Client Manager for more details