2020-06-11 • Updated
The Apple’s stock gained on the announcement and the Intel’s dropped.
The Apple is going to announce its new own processors the week of June 22. Macs with new processors will be launched in 2021 to give developers enough time to adjust. The company has used the same technology for new chips as for Apple-designed iPhone and iPad chips. It will be the first time in 32 years of the Mac’s history that Apple will power these gadgets. It used such processors before as Motorola, PowerPC and Intel.
The Apple stock will climb up, but the Intel stock may loose its value. If the premium-class Apple corporation turned away from Intel for the slow performance, it would be a reason for other laptop and PC makers to change their minds too and switch to other processors. Apple tests showed that its new chips overperformed Intel-based ones, especially in graphics and apps that use artificial intelligence. In addition, Apple is planning to launch IPhones 12 in July with the revolutionary 5G technology.
The Apple stock increased after that news and reached the all-times high at $344. Moreover, the golden cross has appeared as the 50-day moving average has just crossed the 100-day moving average from the bottom up. That’s a clear signal to buy. Consider getting profit on the Apple’s growth. Support levels are at $320 and $305.
Let’s look what’s happening with the Intel stock. The price fell yesterday on the Apple’s announcement, but today it’s barely moving. Some analysts think that the Intel processor is still the best for the gaming industry, that’s why Intel isn’t likely to lose a massive amount of business. So, we can assume that the Intel stock won’t fall in a long term. We can notice the golden cross on the chart, what’s a signal to buy. However, it’s better to wait for a next price movement to understand where it will go further as fundamental factors put a lot of pressure on it. Anyway, the resistance level is at $67.5. Support levels are at $61.5 and $60.
Crude oil futures surged on Monday due to disruptions in Russian refining capacity caused by Ukrainian drone strikes and Moscow's decision to cut output to comply with OPEC+ targets. The West Texas Intermediate (WTI) contract for May settled at $81.95 a barrel, up $1.32, while the Brent contract for May settled at $86.57 a barrel, also up $1.32. Russia instructed...
Brent oil is currently on a bullish trend, facing resistance near $84 and supported by the 200-day EMA. Breaking above this level could lead to a climb towards $90. Short-term support is observed around $80, backed by the 50-day EMA. As summer approaches and travel increases, crude oil tends to benefit from seasonal patterns. Despite temporary setbacks, buying...
Bearish Scenario: Sales below 80.00 with TP1: 79.34, TP2: 78.94, TP3: 78.55, and 78.00 Bullish Scenario: Buys above 78.00 (wait for a retracement to the zone) with TP: 79.34 TP2: 80.00, and TP3: 81.00
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
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