Daily Market Analysis 13.09.2022: US100

Instrument: US100

Technical Analysis

Bullish Preference:  
A Buy position is envisaged if price trades above 12849 with take profit at 12882.86
Bearish Preference: 
A Sell position is envisaged if price trades below price 12736.03 with take profit at 12686.71
1:30 PM Core CPI
              Core CPI m/m

Apple Inc. shares rallied the most since May as pre-order data showed the iPhone 14 Pro Max was the best selling model, surpassing what the older version did in a similar timeframe. Shares of the tech giant jumped as much as 4.4% on Monday, their biggest intraday gain in four months, as analysts from JPMorgan (NYSE:JPM) to Barclays (LON:BARC) pointed to strong demand for the latest mobile phone series which was unveiled at its product launch event last week. “Pre-order data shows that the iPhone 14 Pro Max is the best-selling model, and that it is doing better than the iPhone 13 Pro Max did at this point,” KGI Securities analyst Christine Wang said in a report. The pricing of the iPhone 14 series is positive for its future sales, she added.

Analysis: SCRUM Team

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