For Apple (NASDAQ:AAPL) lately, it’s been all about the iPhone 13. The fully-spec’d out new device is likely to be in high demand, and could fuel a continued rally in shares.
While the iPhone remains the biggest needle-mover for Apple stock, many analysts have touted Apple for its big services push. Every year, services are contributing to a bigger slice of the Apple pie.
Undoubtedly, Apple is a company with many decades of creating innovative new products to take the spot of its most popular devices of yesteryear.
I remain extremely bullish on the stock, because of the company’s track record of delighting its fans and shareholders with incredible new products that they never saw coming.
In essence, Apple isn’t just a play on the next iPhone, the 5G super cycle, the continued rise of wearables, or the robust services business, which continues to deliver value for Apple users.
While Apple’s hardware may be expensive, its services — especially the Apple One bundle — offer a hefty value proposition. Indeed, Apple appears to be achieving Tim Cook’s goal of enriching its users’ lives through jaw-dropping new hardware and software, as well as competitively priced services.
On technical fronts Apple (NASDAQ:AAPL) RSI stood at 48.11 and currently stock is trading below all Moving Average. So, SELL position can be taken with following target and stoploss:
TRADE SIGNAL – : Apple (NASDAQ:AAPL) – SELL : 149.03, TARGET: 145.29, STOP LOSS : 150.60