Apple IncLong
BUY OPPORTUNITY
Instrument: AAPL
Entry Price: $254.80
Target Price (TP): $273.18
Stop Loss (SL): $245.61
Risk/Reward Ratio: 1:2
Technical Analysis:
Apple is currently trading at new all-time highs, indicating strong momentum. This is typically a signal of bullish trends as investors are confident in the company’s growth potential.
The stock has good volume, suggesting it can clear the local resistance around 254$ and market participants are actively trading and supporting the upward movement.
Fundamental Analysis:
Demand for iPhone 16: Analysts, including Dan Ives from Wedbush, expect Apple to benefit from strong demand for its AI-powered iPhone 16 during the holiday season. This is a key catalyst for continued growth.
Projections for FY2025: Cupertino has projected sales of over 240 million iPhones for fiscal year 2025, the highest ever. This bullish forecast reflects a strong outlook for the company's revenue growth and solidifies the positive sentiment surrounding App
Entry Price: $254.80
Target Price (TP): $273.18
Stop Loss (SL): $245.61
Risk/Reward Ratio: 1:2
Technical Analysis:
Apple is currently trading at new all-time highs, indicating strong momentum. This is typically a signal of bullish trends as investors are confident in the company’s growth potential.
The stock has good volume, suggesting it can clear the local resistance around 254$ and market participants are actively trading and supporting the upward movement.
Fundamental Analysis:
Demand for iPhone 16: Analysts, including Dan Ives from Wedbush, expect Apple to benefit from strong demand for its AI-powered iPhone 16 during the holiday season. This is a key catalyst for continued growth.
Projections for FY2025: Cupertino has projected sales of over 240 million iPhones for fiscal year 2025, the highest ever. This bullish forecast reflects a strong outlook for the company's revenue growth and solidifies the positive sentiment surrounding App
GODO Capital Markets
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