The main aspect of the growth of Apple Inc. shares may be what may seem to investors not too attractive. The prospect of increasing gross profitability of the product will come when the company will invest more in services such as App Store and Apple Music. Last fiscal year, Gross Profitability of services amounted to 64%, and, they remain mostly at the same level, the productivity of services will help to raise the margin for the business as a whole, as the revenue of the segment will grow faster than sales of equipment in the coming years.
Apple, H4
Pivot: 278.00
Analysis:
Provided that the asset is traded above 266.20, follow the recommendations below:
The timeframe: H4
Recommendation: long position
Entry point: 278.00
Take Profit 1: 287.25
Take Profit 2: 303.50
Alternative scenario:
In case of breakdown of the level 266.20, follow the recommendations below:
The timeframe: H4
Recommendation: short position
Entry point: 266.20
Take Profit 1: 256.00
Take Profit 2: 248.20
Comment:
RSI shows upward momentum.
Key levels:
Resistance
Support
313.70
266.20
303.50
256.00
287.25
248.20
Apple, D1
Pivot: 278.71
Analysis:
While the asset is traded above 269.50, follow the recommendations below:
Time frame: D1
Recommendation: long position
Entry point: 278.71
Take Profit 1: 304.00
Take Profit 2: 327.00
Alternative scenario:
If the level 269.50 is broken-down, follow the recommendations below.
Time frame: D1
Recommendation: short position
Entry point: 269.50
Take Profit 1: 249.00
Take Profit 2: 239.00
Comment:
RSI shows an uptrend development.
Key levels:
Resistance
Support
345.00
269.50
327.00
249.00
304.00
236.00
We also advise you to pay attention to Disney for intra-day trading:
Pivot: 102.26
Analysis:
While the asset is traded above 88.80, follow the recommendations below:
Time frame: H4
Recommendation: long position
Entry point: 102.26
Take Profit 1: 125.30
Take Profit 2: 135.60
Alternative scenario:
If the level 88.80 is broken-down, follow the recommendations below.
Time frame: H4
Recommendation: short position
Entry point: 88.80
Take Profit 1: 72.10
Take Profit 2: 62.10
WHY TRADE WITH PAXFOREX?
We are one of the fastest growing Forex Brokers in the Market. Trade with PaxForex to get the full Forex Trading experience which is based on...