Apple weekly uptrend opportunity based On 1.00 Lot Calculation:
- Apple is a US multinational company which engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services.It is one of the most valuable companies in the world with market capitalization of $2 trillion and expectation for $ 3 trillion by the end of 2021 due to the development of the Apple Car as well as high expectations for the next iPhone.
- EVENT: Apple will publish its earnings for the second quarter of the fiscal 2021 year on April 28 (AFTERMARKET). It is expected to generate $76.8 billion in revenues (31.7% rise) and 98 cents a share (54% rise). Economists expect that the result can even exceed expectations driven by strong performance by both iPhone and services. iPhone shipments in China were up 185% in the first two months of the quarter, while the App Store saw 32% growth in the quarter.
- EVENT: Apple will hold its first event of 2021 on Tuesday, April 20 at 18:00 GMT+1. It looks like it will be an iPad-focused event. There are several iPad refreshes rumored to be coming for the iPad Pro, iPad mini, and low-cost iPad.
- Apple is planning to enter the EV market and is currently in early talks with several major automakers about possible collaboration.
- Apple shares have rallied about 9% over the past two weeks, as investors turn their attention to the company’s upcoming March-quarter financial results. The price is still 8 % lower than the previous height reached on January 27 ($144.95).
- Morgan Stanley's target on Apple stock is $164, WSJ’s medium target is $155 while Bloomberg medium target is $150.
Apple, April 19, 2021
Current Price: 133.90
|
Apple |
Weekly |
|
Trend direction |
|
|
154.00 |
|
|
150.00 |
|
|
145.00 |
|
|
123.00 |
|
|
120.00 |
|
|
117.00 |
Example of calculation base on weekly trend direction for 1.00 Lot*
|
Apple |
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|
Pivot Points |
||||||
|
Profit or loss in $ |
2,010.00 |
1,610.00 |
1,110.00 |
-1,090.00 |
-1,390.00 |
-1,690.00 |
|
Profit or loss in €** |
1,670.50 |
1,338.07 |
922.52 |
-905.89 |
-1,155.22 |
-1,404.55 |
|
Profit or loss in £** |
1,443.23 |
1,156.02 |
797.01 |
-782.65 |
-998.05 |
-1,213.46 |
|
Profit or loss in C$** |
2,510.73 |
2,011.08 |
1,386.52 |
-1,361.54 |
-1,736.28 |
-2,111.01 |
* 1.00 lot is equivalent of 100 units
** Calculations for exchange rate used as of 14:15 (GMT+1) 16/02/2021
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 detail