Apple Inc. will start opening its retail stores in Japan this week, one of the most important markets, after several months of closure due to COVID-19. Two stores, in Fukuoka and Nagoya-Sakae, will open May 27, according to the company's retail website. The opening dates of eight other Apple stores in the country have not yet been published. In September, Apple opened its last and largest store in Tokyo's Marunouchi business district, just steps away from the historic Tokyo Railway Station and Imperial Palace. Tokyo remains under an official state of emergency, although Japanese Economy Minister Yasutoshi Nishimura said on Monday that a government advisory group approved a plan to lift the measure later that day, a week ahead of schedule.

Apple, H4

Pivot: 318.50

Analysis:

Provided that the asset is traded above 311.50, follow the recommendations below:

• Time frame: H4
• Recommendation: long position
• Entry point: 318.50
• Take Profit 1:  327.00
• Take Profit 2: 330.00

Alternative scenario: 

In case of breakdown of the level 311.50, follow the recommendations below:

• The timeframe: H4
• Recommendation: short position
• Entry point: 311.50
• Take Profit 1: 305.00
• Take Profit 2: 299.60

Comment:

RSI shows the possibility of developing an uptrend.

Key levels:

Apple, D1

Pivot: 318.00

Analysis:

While the asset is traded above 300.00, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 318.00
• Take Profit 1: 327.00
• Take Profit 2: 340.00

Alternative scenario:

If the level 300.00 is broken-down, follow the recommendations below.

• Time frame: D1
• Recommendation: short position
• Entry point: 300.00
• Take Profit 1: 288.00
• Take Profit 2: 269.50

Comment:

RSI shows an upward trend. 

Key levels:

We also advise you to pay attention to Disney for intra-day trading:

Pivot: 118.02

Analysis:

While the asset is traded above 106.70, follow the recommendations below:

• Time frame: H4
• Recommendation: long position
• Entry point: 118.02
• Take Profit 1: 134.20
• Take Profit 2: 141.90

Alternative scenario:

If the level 106.70 is broken-down, follow the recommendations below.

• Time frame: H4
• Recommendation: short position
• Entry point: 106.70
• Take Profit 1: 93.80
• Take Profit 2: 86.10