You should be aware that Apple Inc. (AAPL) may decide to stop using a significant supplier in favor of manufacturing its own parts in case you were too preoccupied getting ready to trade the top-tier reports expected for this week.
According to a Bloomberg story, Apple may decide to stop using Qualcomm and Broadcomm components by the end of 2024 or the beginning of 2025 in favor of creating its own parts.
AAPL, which has already broken above a consolidation on the daily time frame, may benefit from the potential for greater margins.
The stock rose all the way to 133.50 yesterday until worries over Fed Governor Powell's hawkish speech impacted on American stocks. AAPL finished the day close to 130.00 and produced a Doji-like pattern.
Does the rise from yesterday indicate that AAPL bulls are prepared to push the stock into an uptrend?
Or will the Doji discourage buyers and hold AAPL at the price range of 125.00 to 130.00?
As it begins to rise from the oversold region, the stochastic is encouraging increased purchasing.
However, when the gap between the 100 and 200 simple moving averages grows, they are indicating additional selling.
The future movement of the stock may be influenced by risk perception. U.S. markets may continue to decline and AAPL's losses may increase if Powell's speech and this week's CPI data point to additional Fed tightening.
However, if more traders keep up their early-year purchasing, AAPL may finish its consolidation breakout and go into earlier regions of interest.
