APPLE: market unimpressed

APPLE: market unimpressed

2020-10-15 • Updated

Very short: on October 13, Apple held its yearly event, this time online, as “Hi, Speed!”. During the event, it presented the iPhone 12 series, HomePod Mini, MagSafe wireless charger system, and the 5G technology being the theme of the day. A “breakthrough” as they said... Well, as breaking as it is, it didn’t impress the market much. In fact, the price dropped during and after the event. It was at $125 when the event started and dropped $5 in value. Currently, it is slightly above $121. Of course, it will go up later on, but this article is just to analyze how Apple’s event moved the price. It moved it downwards.

Your plan? Observers say Apple is a buy. Sales projections are good. So if you want to go long-term and practice positions trading – that’s a good stock to have.

APPLEM30.png

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