February 2, 2023

Could Apple (AAPL Stock) price to keep on the upward movement?

Today’s instrument is one of the tech giants, the Apple stock traded in Nasdaq under the ticker AAPL.

Looking at Apple’s chart, we can see it is in an uptrend and it was lastly traded at around $145.45.

Today it is announcing its quarterly earnings, and if the market’s anticipation is positive, then we could expect its price to keep on the upward movement which will also be supported by the weaker dollar, and it should reach a new high price YTD.

On the other hand, it could approach its support level at around $140, where an upward reaction should be expected.

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