APPLE: iWatch – presale low start

By | April 10, 2015

Today, April 10 presale starts smart watches iWatch from Apple. Sale networks will begin on April 24th.
In late March, the press leaked the information about the problems in the production and assembly partners (LG – the production of displays, Quanta – assembly). As a result, instead of the order of 5-6 million hours of smart, lot size was reduced to 1.25-1.5 million units. Nevertheless, given the recession Information excitement on this account at the end of March, it is likely that the “Apple” managed to find a way out of the problem.

As a result, investors are mostly concentrated in anticipation of the first official statements on the presales for the evaluation of the project. Despite the mixed feelings of some people to test the product, the expectations laid positive. As a result, while the market is dominated by a positive attitude – the shares can be supported.

apple chart
APPLE chart
Trading analytics

Support and resistance levels
Support 1    123,6
Support 2    124,5
Current price:   126,35
Resistance 1    126,51
Resistance 2    128,05

Apple (APPL)   –   buy Apple  –   Buy when price correction in the zone 125.85. Objective – 128.05. Stop-Loss-124,5

Warning: Profitability in the past does not mean profitability in the future. Any projections are for informational purposes only and do not guarantee the results obtained.

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