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Apple Holds Breakout as iPhone Cycle Takes Hold

NASDAQ:AAPL   Apple Inc
Apple’s price chart continues to show improvement amid reports of strong demand for the iPhone 12.

First, the tech giant started December by breaking above $120 and holding its ground on December 10 and 11. It then proceeded to break $125 and hold its ground again yesterday.

This second level is important because it was key resistance on October 12 and 13.

MACD has also been rising steadily since early November.

On the fundamental front, Morgan Stanley said AAPL’s taking market share amid strong demand in China. Nikkei recently reported handset production will rise almost 30 percent in the first half. Yesterday, Reuters added that AAPL’s planning to produce electric cars by 2024.

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Comments

I think that apple has a great future to look forward to.
I expect, that we're able to see price levels from 140$-150$

Therefore i went long several weeks ago, currently i am 16% in profit.

+4 Reply
raoultesla Mornau-Research
@Mornau-Research,
Most of San Jose, CA has been saying Apple $165 for Oct 2021 since back in Sept 2020.
A lot, A LOT, of NYSE/CNBC etc said, Great... notso.... Bright Future.... crappy.... friend... enemy...
But all the geeks in the Bay Area have been saying Up since last fall.

You made good choice. Long stability. Same as BTC, cannot be stopped. Just have Trailing for bouncy-bouncy ride.
Now if Cook and Cupertino would just put crytpo into iOS linux, would increase dominance.
Congrats.
+5 Reply
icar 2024
+3 Reply
Just as a comment, for anyone wanting to trade US stocks live within and using Trading View, Trade Station has been great. Works well for me. Can trade outside market hours. No brokerage. Awesome to see them and other industry leaders posting on and contributing to the Trading View community as well.
+1 Reply
traderx3000 AngusMcK
@AngusMcK, Requires minimum deposit, so no thank you!
Reply
We will wait for the next earning season
Reply
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