Due to the economic downturn in China, Apple Inc.'s revenue has been declining for the fourth consecutive quarter. Additionally, it faces growing competition from Huawei.
However, the expectations of investment experts are still higher than the issuer's current stock prices despite JPMorgan experts lowering their forecast to 225 USD. As we can see, the growth potential for Apple's capitalisation remains evident.
This is why our focus today is on the Apple Inc. stock chart (NASDAQ: AAPL).
On the D1 timeframe, support has formed at 187.45, with resistance at 191.40. There is a stable upward trend after the "Descending Wedge" pattern breakdown.
On the H1 timeframe, a rebound from the level of 191.20 could lead to a price increase targeting 198.26. In the medium term, the price could hover around 225.
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Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
However, the expectations of investment experts are still higher than the issuer's current stock prices despite JPMorgan experts lowering their forecast to 225 USD. As we can see, the growth potential for Apple's capitalisation remains evident.
This is why our focus today is on the Apple Inc. stock chart (NASDAQ: AAPL).
On the D1 timeframe, support has formed at 187.45, with resistance at 191.40. There is a stable upward trend after the "Descending Wedge" pattern breakdown.
On the H1 timeframe, a rebound from the level of 191.20 could lead to a price increase targeting 198.26. In the medium term, the price could hover around 225.
—
Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.