The iPhone 14 is coming! Will it boost Apple's stock price? How should we interpret the current trend?
In the early morning of September 8th, Apple AAPL held a new product launch event, and the highly anticipated iPhone 14 arrived as scheduled. In the current economic environment challenged by rising interest rates, increasing fuel costs, supply chain pressures, and a soaring US dollar, the sales of iPhone 14 are crucial for Apple. This also shows whether the world's most valuable brand company can still win the support of a large number of Apple fans in a downturn economy.
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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Keep in mind the three major principles of CHIVEST leek: 😍
✅ Do not operate against the trend
✅ Do not follow the trend to buy stocks
✅ Do not buy stocks that you don't understand
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Disclaimer
This analysis is provided by the CHIVEST team and represents the analysis advice of our team, not as a basis for trading. There are risks in the market, and investment needs to be cautious, please bear the risk. All rights reserved, any reprinting or unauthorized use will be held accountable.
.
.
.
Keep in mind the three major principles of CHIVEST leek: 😍
✅ Do not operate against the trend
✅ Do not follow the trend to buy stocks
✅ Do not buy stocks that you don't understand
.
.
Disclaimer
This analysis is provided by the CHIVEST team and represents the analysis advice of our team, not as a basis for trading. There are risks in the market, and investment needs to be cautious, please bear the risk. All rights reserved, any reprinting or unauthorized use will be held accountable.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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