{"id":149455,"date":"2019-06-12T10:45:15","date_gmt":"2019-06-12T14:45:15","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=149455"},"modified":"2019-06-12T06:56:15","modified_gmt":"2019-06-12T10:56:15","slug":"aapl-analysis-accelerating-services-revenue-growth-bullish-for-apple-stock-price","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/06\/aapl-analysis-accelerating-services-revenue-growth-bullish-for-apple-stock-price\/","title":{"rendered":"AAPL Analysis: Accelerating services revenue growth bullish for Apple Stock Price"},"content":{"rendered":"<div id=\"inves-4049235467\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">June 12, 2019<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>By <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">IFCMarkets<\/a><\/strong><\/p>\n<p><strong>Accelerating services revenue growth bullish for Apple<\/strong><\/p>\n<blockquote><p>Apple counts on services revenue growth to become another major driver of growth. Will the <a href=\"https:\/\/www.ifcmarkets.com\/en\/market-data\/stocks-prices\/aapl\"> Apple stock price<\/a> continue rebounding?<\/p><\/blockquote>\n<p>Apple reported second quarter revenue of $58 billion, down 5% from the same quarter a year ago, over a month ago. And while iPhone revenue came in at $31.05 billion, also down but making up over 53% of Apple\u2019s entire revenue, services division hit an all-time high of $11.5 billion in revenue. A month before the report, the company announced several new software initiatives including News Plus, Apple Arcade, and Apple TV Plus. The Apple Arcade and Apple TV Plus services are expected to launch this fall, and Apple counts on continuing double-digit growth of services revenue to drive overall revenue growth as revenue and units sold of Apple\u2019s flagship product iPhone are under strain because of US-China trade dispute.<\/p>\n<p style=\"text-align: center; margin-bottom: 20px; margin-top: 20px;\"><img decoding=\"async\" style=\"float: none;\" src=\"https:\/\/www.ifcmarkets.com\/uploads\/images\/AAPL_O_12June2019.png\" alt=\"AAPL is rising above MA(200) 06\/12\/2019 Technical Analysis IFC Markets chart \" width=\"660px\" \/><\/p>\n<p class=\"ul-tick\">On the daily timeframe the <b>S-AAPL: D1<\/b> has closed above the 200-day moving average MA(200) and Fibonacci 38.2. This is bullish.<\/p>\n<ul class=\"ul-tick\">\n<li>The <b>Parabolic indicator<\/b> gives a buy signal.<\/li>\n<li>The <b>Donchian channel <\/b> indicates uptrend: it has widened up.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/macd\">MACD indicator <\/a> gives a bullish signal: it is below the signal line and the gap is narrowing.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/rsi\"> RSI oscillator <\/a> is rising but has not reached the oversold zone yet.<\/li>\n<\/ul>\n<p>We believe the bullish momentum will continue after the price breaches above the upper boundary of Donchian channel at 195.94. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below the fractal low at 170.38. After placing the order, the stop loss is to be moved every day to the next fractal low, following Parabolic signals. Thus, we are changing the expected profit\/loss ratio to the breakeven point. If the price meets the stop loss level (170.38) without reaching the order (195.94), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.<\/p>\n<h2 class=\"emailSummary\" style=\"margin-top: 15px !important;\">Technical Analysis Summary<\/h2>\n<table style=\"border: solid 1px black;\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Position<\/b><\/td>\n<td align=\"left\" valign=\"top\">Buy<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Buy stop<\/b><\/td>\n<td align=\"left\" valign=\"top\">Above 195.94<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Stop loss<\/b><\/td>\n<td align=\"left\" valign=\"top\">Below 170.38<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Market Analysis provided by <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">IFCMarkets<\/a><\/p><div id=\"inves-2006309658\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By IFCMarkets Accelerating services revenue growth bullish for Apple Apple counts on services revenue growth to become another major driver of growth. Will the Apple stock price continue rebounding? Apple reported second quarter revenue of $58 billion, down 5% from the same quarter a year ago, over a month ago. And while iPhone revenue came [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-149455","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/149455","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=149455"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/149455\/revisions"}],"predecessor-version":[{"id":149465,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/149455\/revisions\/149465"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=149455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=149455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=149455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}