Apple Inc. (NASDAQ:AAPL) iPhone 9 might launch as soon as this week
Apple just unveiled a few new products, including the iPad Pro and new MacBook Air, but the first quarter of 2020 should also have brought us an exciting new iPhone.
That was before the novel coronavirus ended normal life in the US and almost everywhere else in the world. The COVID-19 pandemic forced Apple to cancel a late-March press event, according to some reports. Apple never announced the press conference in the first place, so it never had to publicly acknowledge the cancelation.
The same reports also said that the iPhone 9 (iPhone SE 2) would be postponed to summer or later, as Apple was evaluating the situation. That wasn’t because of a lack of iPhone 9 stock, but because of the state of the world. The smartphone business also took a serious hit in the first quarter, just like many other businesses that were affected by the coronavirus. But Apple might be getting ready to launch the new iPhone nonetheless.
The following image shows an Urban Armor Gear case for a “New iPhone 4.7-inch, 2020” device, 9to5Mac reports. It’s just one of many iPhone 9 accessories that are supposedly sent to Best Buy and other retailers. The instructions say that retailers should not inventory the new cases until Sunday, April 5th.
Overall, the bias in prices is: Downwards.
Note: this chart shows extraordinary price action to the downside.
By the way, prices are vulnerable to a correction towards 284.45.
The projected upper bound is: 290.58.
The projected lower bound is: 216.62.
The projected closing price is: 253.60.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 28 white candles and 22 black candles for a net of 6 white candles.
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 87.0838. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a buy 4 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 46.16. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 20 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 26. This is not a topping or bottoming area. The last signal was a buy 4 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 2 period(s) ago.
Rex Takasugi – TD Profile
APPLE INC closed up 7.070 at 254.810. Volume was 0% above average (neutral) and Bollinger Bands were 108% wider than normal.
Open High Low Close Volume___
250.740 255.520 249.400 254.810 41,994,112
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 245.13 292.17 250.05
Volatility: 88 87 50
Volume: 71,261,992 52,869,124 33,272,166
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
APPLE INC is currently 1.9% above its 200-period moving average and is in an downward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of AAPL.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on AAPL.O and have had this outlook for the last 27 periods.
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