Apple weekly uptrend opportunity based On 1.00 Lot Calculation:
- Apple Inc. is one of the most successful companies in the world. It makes iPhones, computers, and other mobile computing devices.
- iPhone BECAME THE WORLD’S BEST SELLING SMARTPHONE IN Q4 2021: According to a new report, 1 out of every 5 smartphones sold worldwide in Q4 2021 was iPhone. Apple now holds 22% of all global smartphone sales, surpassing Samsung’s 20%.
- MOST VALUABLE COMPANY IN THE WORLD: On January 3, 2022, Apple became the world’s first $3 trillion company.
- EVENT: Q4 EARNINGS REPORT (January 27, AFTERMARKET) (RECORD QUARTERLY REVENUE FIGURES EXPECTED). It is expected to earn $1.89 per share and report revenue of $118.8 billion. Apple’s financial figures have exceeded consensus forecasts 7 of the last 8 quarters for both earnings and revenue. Traditionally, Apple experiences positive Q4 earnings and revenue growth due to the holiday season and bigger demand for their products.
- ELECTRIC VEHICLE MARKET: Apple has been working on an electric car project since 2016. Their main focus is on fully autonomous driving, a car without the need for a steering wheel or pedals. It is rumored that it has about 1,000 employees working on the project. Of note, it was reported on August 12, 2021 that Foxconn, which assembles Apple’s iPhones, plans on opening up electric vehicle factories in the United States by 2023. Apple has secured an autonomous driving testing permit from the California Department of Motor Vehicles.
- ANALYST OPINION: Apple is highly regarded by a large majority of Wall St. analysts. According to Bloomberg, Apple currently has 38 Buy ratings, 8 Hold ratings, and 2 Sell ratings. J.P. Morgan rated the stock overweight on January 13th with a target price of $210. Morgan Stanley set a target price of $200 on January 14th.
#APPLE, January 25, 2022
Current Price: 159.00
|
Apple |
Weekly |
|
Trend direction |
|
|
196.00 |
|
|
183.00 |
|
|
172.00 |
|
|
149.00 |
|
|
139.00 |
|
|
127.00 |
Example of calculation base on weekly trend direction for 1.00 Lot*
|
Apple |
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|
Pivot Points |
||||||
|
Profit or loss in $ |
3,700.00 |
2,400.00 |
1,300.00 |
-1,000.00 |
-2,000.00 |
-3,200.00 |
|
Profit or loss in €** |
3,277.82 |
2,126.15 |
1,151.67 |
-885.90 |
-1,771.79 |
-2,834.87 |
|
Profit or loss in £** |
2,743.08 |
1,779.29 |
963.78 |
-741.37 |
-1,482.74 |
-2,372.39 |
|
Profit or loss in C$** |
4,674.43 |
3,032.06 |
1,642.37 |
-1,263.36 |
-2,526.72 |
-4,042.75 |
* 1.00 lot is equivalent of 100 units
** Calculations for exchange rate used as of 09:46 (GMT) 25/01/2022
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