The iPhone 14 is coming! Will it boost Apple's stock price? How should we interpret the current trend?

Of course, as investors, what we care most about is how the stock price will be affected. We need to pay attention to the next quarter's financial report to see if iPhone 14 can turn the tide and deliver impressive financial results to drive up the US stock market.

Looking at the stock price trend, AAPL fell below the upward trend that started on the day of the gap-up opening in July 2020 in May 2022. Currently, the stock price has returned to the upward trend and has pulled back to the support of the trendline. Therefore, the price level of 154 is crucial for AAPL. If it falls below this level, AAPL will fall below its upward trend and could find support around the price level of 135. On the upside, the current resistance is around 180, which is the previous high.
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Remember the three major principles of CHIVEST retail investors: 😍
✅ Do not trade against the trend
✅ Do not buy stocks blindly.
✅ Do not buy stocks that you do not understand.
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Disclaimer
This analysis is provided by the CHIVEST team and only represents the team's analysis and recommendations. It should not be used as a basis for trading. Trading in the market involves risks, and investment should be done with caution. All rights reserved. Unauthorized reproduction or unauthorized use is strictly prohibited.