Don’t waste your time – keep track of how NFP affects the US dollar!

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Join the Facebook community of FBS!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Email tooltip

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

FBS Mobile Personal Area

FREE

View
Apple event surprised traders

Apple event surprised traders

Information is not investment advice

Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.

What happened?

Apple has presented several new models of already familiar products:

  • new iPhones (13, 13 Mini, 13 Pro, and 13 Pro Max). All models got a new A15 chip, that is now more powerful than ever, new cameras, with improved dark mode and new ultrawide lens, and a new screen, that is now even more durable to drops.
  • Apple Watch 7 now has a new widescreen and some software improvements, that will help to detect whether its owner starts doing sports.
  • an iPad with a new camera and TouchID sensors inside the power button.
  • an iPad Mini, which now looks just like an iPad Pro, with thin borders and 4 loud high-quality speakers.

Seems like a fair trade, isn’t it? Lots of new products and decent improvements, but that’s now quite true. The thing is this presentation didn’t show us anything truly special, new, or at least some huge update on any of the products. Instead, we had got some minor updates on both hardware and software parts.

Why is it affecting the price badly?

First, the expectations were already in the price, and as you can see on the chart below, Apple stock prices have been surging in anticipation and managed to make a new all-time high.

Second, we consider the consequences of this event as weak. Without any “revolutionary” products have been shown, only new iPad Mini (that is lovely) and an Apple Watch with a mesmerizing screen can generate enough revenue for the company, thus, the target price for Apple now can move lower as the company might generate less income in the future.

Let’s look at the chart to analyze its further movements. Apple had a false breakout of the channel and now has a chance to plunge to the middle or the lower border of it before the uptrend continuation.

Apple daily chart

Support: 145.0; 140.0; 130.0

Resistance: 155.0; 160.0

APPLEDaily.png

LOG IN

Similar

Is Apple a Buy Now?

Apple TV+ will no longer offer one year of free subscription to anyone who bought an Apple product. It will be a test for Apple!

Popular

Apple event surprised traders

Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.

Choose your payment system

Be on top of your game

Callback

Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later