Source: PaxForex Premium Analytics Portal, Technical Insight

Intel's delayed chip shipments demonstrate why Apple decided to switch to manufacturing its own processors for the Mac. This decision was announced at Apple's developer conference last month. After switching to manufacturing its own processors, which Apple claims will take about two years, the company will have to rely more on Intel's production cycle. Apple's general manager Tim Cook said the first Macs running on their own chips will appear later this year. Apple is already producing its own Arm Holdings-based chips for the iPhone and iPad. The move away from Intel means that Apple now controls the production of its own laptops and that the company doesn't have to wait until 2022 or 2023 to bring the powerful new computers to market. 

Apple, H4

Pivot: 378.88

Analysis:

Provided that the asset is traded above 372.80, follow the recommendations below:

• Time frame: H4
• Recommendation: long position
• Entry point: 378.88
• Take Profit 1:  385.80
• Take Profit 2: 389.20

Alternative scenario:

In case of breakdown of the level 372.80, follow the recommendations below:

• Time frame: H4
• Recommendation: short position
• Entry point: 372.80
• Take Profit 1: 367.20
• Take Profit 2: 364.00

Comment:

RSI shows an uptrend during the day.

Key levels

Apple, D1

Pivot: 373.95

Analysis:

While the asset is traded above 368.00, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 373.95
• Take Profit 1: 400.00
• Take Profit 2: 420.00

Alternative scenario:

If the level 368.00 is broken-down, follow the recommendations below.

• Time frame: D1
• Recommendation: short position
• Entry point: 368.00
• Take Profit 1: 350.00
• Take Profit 2: 332.00

Comment:

RSI shows an uptrend. 

Key levels:

We also advise you to pay attention to Disney for intraday trading:

Pivot: 116.31

Analysis:

While the asset is traded below 121.40, follow the recommendations below:

• Time frame: H4
• Recommendation: short position
• Entry point: 116.31
• Take Profit 1: 109.70
• Take Profit 2: 106.70

Alternative scenario:

If the level 121.40 is broken-out, follow the recommendations below.

• Time frame: H4
• Recommendation: long position
• Entry point: 121.40
• Take Profit 1: 126.60
• Take Profit 2: 129.60