{"id":29086,"date":"2022-05-30T12:18:00","date_gmt":"2022-05-30T11:18:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=29086"},"modified":"2022-05-31T11:10:10","modified_gmt":"2022-05-31T10:10:10","slug":"apple-inc-drives-market-growth-but-will-it-last","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/apple-inc-drives-market-growth-but-will-it-last\/","title":{"rendered":"Apple Inc. drives market growth, but will it last?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"29086\" class=\"elementor elementor-29086\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d095126 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d095126\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9b5d7b6\" data-id=\"9b5d7b6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6f38584 elementor-widget elementor-widget-text-editor\" data-id=\"6f38584\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><strong>Weekly Investment Idea<\/strong><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-fb24863 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fb24863\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-690d0cc\" data-id=\"690d0cc\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1d28351 elementor-widget elementor-widget-image\" data-id=\"1d28351\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"469\" height=\"235\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/05\/PICTURE-1-2.jpg\" class=\"attachment-large size-large wp-image-29092\" alt=\"\" srcset=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/05\/PICTURE-1-2.jpg 469w, https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/05\/PICTURE-1-2-360x180.jpg 360w\" sizes=\"(max-width: 469px) 100vw, 469px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5f53c0c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5f53c0c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-08cfb2c\" data-id=\"08cfb2c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9ab1e19 elementor-widget elementor-widget-text-editor\" data-id=\"9ab1e19\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><a href=\"http:\/\/bit.ly\/2Zmw200\" target=\"_blank\" rel=\"noopener\">Apple Inc. (AAPL)<\/a> extended its rally by +4.08% on Friday after investors recovered from a 10-month low following a weaker US PCE index reading. With the <a href=\"https:\/\/bit.ly\/3KK5zNF\" target=\"_blank\" rel=\"noopener\">US dollar<\/a> weakening, US stocks rose as hawkish expectations for Fed rate increases began to fade.<\/p><p>Although the next earnings and revenue report remains a crucial indicator of the AAPL stock&#8217;s direction in the short term, the financial position of AAPL has been strong. On April 28th, the company released its Q2 revenue growth, with earnings per share growing to 6.20 over the last twelve months (TTM). The P\/E (TTM) currently stands at 23.37 and the companies market cap is a massive $2.422 trillion.<\/p><p>Apple is scheduled to report its next earnings and revenue report on the 2nd of August, and revenue is expected to drop to 82.63 billion from the previous 97.278 billion and earnings to 1.15 from 1.52 from the last report. This is due to several Apple&#8217;s Asian manufacturers having been affected by the Shanghai lockdown. Because of the supply chain disruption, there is a possibility of a delay in the release dates of the iPhone 14, which will be a major blow to the company\u2019s revenues and earnings in Q3.<\/p><p>As traders weighed the impact of Fed monetary tightening against the backdrop of slow economic growth and consumer spending, the Apple stock soared to 149.64 while the benchmark <a href=\"https:\/\/bit.ly\/3uisBoi\" target=\"_blank\" rel=\"noopener\">US 10-year treasury yield<\/a> fell by -0.29% on Friday. As a result of both the PCE price index and Michigan Consumer sentiment decreasing from 65.2 to 58.4 in May, the value of the dollar has been weakened.<\/p><p>In the wake of its regulatory crackdown and lockdown, China has lifted its ban on gaming licensing, giving tech giants a breather amid the global share price drops. Investors were also relieved by the Fed meeting minutes released last Wednesday, because they had been expecting a more hawkish tone against soaring inflation, supply chain disruptions, and intensifying geopolitical tensions. To curb 40-year high inflation in the US, FOMC members backed a 50bps rate hike in June and July but didn\u2019t go on to say there would be further rate hike increases of that magnitude beyond. In the short-term, this may further exacerbate selling pressure in the indices as the Fed try to cool the economy with control over the demand-side as they have no control over the supply-side. But the reality has been the high-quality stocks have fared well during the higher inflationary periods.<\/p><p>Traders should watch out for the release of US employment data as we get into the end of this new week. If nothing else this is a high volatility event and if we get rising wages, this may encourage the Fed to go harder for longer.<\/p><p><strong>Medium Term Analysis<\/strong><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-fb05f3e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fb05f3e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-dfe24e5\" data-id=\"dfe24e5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1c31fe7 elementor-widget elementor-widget-image\" data-id=\"1c31fe7\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/bit.ly\/2Zmw200\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"932\" height=\"511\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/05\/rsz_aapl_d1.jpg\" class=\"attachment-large size-large wp-image-29093\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-69ae7c57 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"69ae7c57\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-49988d4f\" data-id=\"49988d4f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-30d6cf0e elementor-widget elementor-widget-text-editor\" data-id=\"30d6cf0e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><a href=\"http:\/\/bit.ly\/2Zmw200\" target=\"_blank\" rel=\"noopener\">See real-time quotes<\/a> provided by our partner.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-548ab1c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"548ab1c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f97a7dd\" data-id=\"f97a7dd\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a6b8921 elementor-widget elementor-widget-text-editor\" data-id=\"a6b8921\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>The APPLE stock rallied towards the 150.00 area as bulls managed to defend the 138.00, 10-months low. Price closed at 149.64 and a break above the immediate high may renew bullish interests toward the 163.88 level. The current pivot coincides with a 200=period EMA and holding above that area may open room for further gains to the upside.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0afa699 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0afa699\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9433765\" data-id=\"9433765\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-54cbd79 elementor-widget elementor-widget-image\" data-id=\"54cbd79\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/bit.ly\/2Zmw200\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"932\" height=\"483\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/05\/rsz_macd_d1.jpg\" class=\"attachment-large size-large wp-image-29094\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3f5f2875 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3f5f2875\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-23b776c5\" data-id=\"23b776c5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6903ec92 elementor-widget elementor-widget-text-editor\" data-id=\"6903ec92\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><a href=\"http:\/\/bit.ly\/2Zmw200\" target=\"_blank\" rel=\"noopener\">See real-time quotes<\/a> provided by our partner.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-389e229 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"389e229\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-614ab68\" data-id=\"614ab68\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b0d265d elementor-widget elementor-widget-text-editor\" data-id=\"b0d265d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>The MACD indicator shows that the Apple Stock is oversold and the possibility for a strong correction to the upside if the price breaches the 150.00 near term resistance. Volume bars reading is above the 0.000 neutral level and a moving average cross over into that positive territory will reinforce bullish strength in the near term.<\/p><p>However, a failure to break above the 150.00 near term barrier may renew selling pressure towards the 138. Support and 125.00 level subsequently.<\/p><p><strong>Short term Analysis<\/strong><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-47debef elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"47debef\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-02ebcb9\" data-id=\"02ebcb9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-118d46a elementor-widget elementor-widget-image\" data-id=\"118d46a\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/bit.ly\/2Zmw200\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"932\" height=\"483\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/05\/rsz_aapl_h4.jpg\" class=\"attachment-large size-large wp-image-29095\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-248aa262 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"248aa262\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-65f87829\" data-id=\"65f87829\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a629870 elementor-widget elementor-widget-text-editor\" data-id=\"a629870\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><a href=\"http:\/\/bit.ly\/2Zmw200\" target=\"_blank\" rel=\"noopener\">See real-time quotes<\/a> provided by our partner.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2151fc6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2151fc6\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5289749\" data-id=\"5289749\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-064612e elementor-widget elementor-widget-text-editor\" data-id=\"064612e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>Although upside movement is capped by the 150.00 and 163.88 barriers, the Apple stock has recovered modest gains. The stock is technically bearish in the near term and critical areas to look out for are the 163.88 resistance and 138.68 support. A break above the swing high printed on the 17<sup>th<\/sup> of May would see bulls targeting the 158.00 resistance, which is confluent with the 200-period moving average.<\/p><p>The RSI indicator reading is trading above 50, showing bullish momentum in the near term. However, bulls need to challenge the current barriers to reclaim a bullish outlook. A failure to break above that area around 160.00 may see bears seeking the 130.00 and 125.00 psychological levels.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Weekly Investment Idea Apple Inc. (AAPL) extended its rally by +4.08% on Friday after investors recovered from a 10-month low following a weaker US PCE index reading. With the US dollar weakening, US stocks rose as hawkish expectations for Fed rate increases began to fade. Although the next earnings and revenue report remains a crucial [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":29088,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[13],"tags":[543,101,27,279],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.6 (Yoast SEO v20.11) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Apple Inc. drives market growth, but will it last? - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/apple-inc-drives-market-growth-but-will-it-last\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Apple Inc. drives market growth, but will it last? Apple Inc. drives market growth, but will it last?\" \/>\n<meta property=\"og:description\" content=\"Apple is a leading indicator as it has such a heavy presence in the benchmark index. Last Friday was a good day for the overall markets and that may have been down to end-of-month rebalancing, a lead into a long US bank holiday weekend, or the opportunity buying of high-quality stocks at a discount.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/apple-inc-drives-market-growth-but-will-it-last\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-30T11:18:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-31T10:10:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/05\/gettyimages-477483948.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"484\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Batchelor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Apple Inc. drives market growth, but will it last? 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Last Friday was a good day for the overall markets and that may have been down to end-of-month rebalancing, a lead into a long US bank holiday weekend, or the opportunity buying of high-quality stocks at a discount.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nathan Batchelor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/apple-inc-drives-market-growth-but-will-it-last\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/apple-inc-drives-market-growth-but-will-it-last\/\"},\"author\":{\"name\":\"Nathan Batchelor\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\"},\"headline\":\"Apple Inc. drives market growth, but will it last?\",\"datePublished\":\"2022-05-30T11:18:00+00:00\",\"dateModified\":\"2022-05-31T10:10:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/youtrading.com\/en\/apple-inc-drives-market-growth-but-will-it-last\/\"},\"wordCount\":721,\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"keywords\":[\"APPLE Inc.\",\"Inflation\",\"NASDAQ\",\"USA500\"],\"articleSection\":[\"Stocks\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/youtrading.com\/en\/apple-inc-drives-market-growth-but-will-it-last\/\",\"url\":\"https:\/\/youtrading.com\/en\/apple-inc-drives-market-growth-but-will-it-last\/\",\"name\":\"Apple Inc. drives market growth, but will it last? - Youtrading UK\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/#website\"},\"datePublished\":\"2022-05-30T11:18:00+00:00\",\"dateModified\":\"2022-05-31T10:10:10+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/youtrading.com\/en\/apple-inc-drives-market-growth-but-will-it-last\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/youtrading.com\/en\/apple-inc-drives-market-growth-but-will-it-last\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/youtrading.com\/en\/apple-inc-drives-market-growth-but-will-it-last\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/youtrading.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Apple Inc. drives market growth, but will it last?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/youtrading.com\/en\/#website\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"name\":\"Youtrading UK\",\"description\":\"Leaders in Trader Training\",\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/youtrading.com\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/youtrading.com\/en\/#organization\",\"name\":\"YouTrading\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"contentUrl\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"width\":2531,\"height\":570,\"caption\":\"YouTrading\"},\"image\":{\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/YouTradingEnglish\/\",\"https:\/\/www.instagram.com\/youtrading_english\/\",\"https:\/\/www.youtube.com\/channel\/UCc22BNolZpSd33lXc8utUvg\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\",\"name\":\"Nathan Batchelor\",\"description\":\"Nathan Bathelor brings a professional trading background and highly renowned technical analysis with 15 years of experience. He holds a degree in Business and Finance and has an extensive background providing research for prop houses, and fund managers. Nathan previously traded for Drashta Capital, a boutique Hedge Fund based in London and Sydney, and has worked as a FX Market Analyst for a number of leading brokerages in the United Kingdom.\",\"url\":\"https:\/\/youtrading.com\/en\/author\/nathanbatchelor\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Apple Inc. drives market growth, but will it last? - Youtrading UK","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/youtrading.com\/en\/apple-inc-drives-market-growth-but-will-it-last\/","og_locale":"en_GB","og_type":"article","og_title":"Apple Inc. drives market growth, but will it last? Apple Inc. drives market growth, but will it last?","og_description":"Apple is a leading indicator as it has such a heavy presence in the benchmark index. Last Friday was a good day for the overall markets and that may have been down to end-of-month rebalancing, a lead into a long US bank holiday weekend, or the opportunity buying of high-quality stocks at a discount.","og_url":"https:\/\/youtrading.com\/en\/apple-inc-drives-market-growth-but-will-it-last\/","og_site_name":"Youtrading UK","article_publisher":"https:\/\/www.facebook.com\/YouTradingEnglish\/","article_published_time":"2022-05-30T11:18:00+00:00","article_modified_time":"2022-05-31T10:10:10+00:00","og_image":[{"width":800,"height":484,"url":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/05\/gettyimages-477483948.jpg","type":"image\/jpeg"}],"author":"Nathan Batchelor","twitter_card":"summary_large_image","twitter_title":"Apple Inc. drives market growth, but will it last? Apple Inc. drives market growth, but will it last?","twitter_description":"Apple is a leading indicator as it has such a heavy presence in the benchmark index. Last Friday was a good day for the overall markets and that may have been down to end-of-month rebalancing, a lead into a long US bank holiday weekend, or the opportunity buying of high-quality stocks at a discount.","twitter_misc":{"Written by":"Nathan Batchelor","Estimated reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/youtrading.com\/en\/apple-inc-drives-market-growth-but-will-it-last\/#article","isPartOf":{"@id":"https:\/\/youtrading.com\/en\/apple-inc-drives-market-growth-but-will-it-last\/"},"author":{"name":"Nathan Batchelor","@id":"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab"},"headline":"Apple Inc. drives market growth, but will it last?","datePublished":"2022-05-30T11:18:00+00:00","dateModified":"2022-05-31T10:10:10+00:00","mainEntityOfPage":{"@id":"https:\/\/youtrading.com\/en\/apple-inc-drives-market-growth-but-will-it-last\/"},"wordCount":721,"publisher":{"@id":"https:\/\/youtrading.com\/en\/#organization"},"keywords":["APPLE Inc.","Inflation","NASDAQ","USA500"],"articleSection":["Stocks"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/youtrading.com\/en\/apple-inc-drives-market-growth-but-will-it-last\/","url":"https:\/\/youtrading.com\/en\/apple-inc-drives-market-growth-but-will-it-last\/","name":"Apple Inc. drives market growth, but will it last? - Youtrading UK","isPartOf":{"@id":"https:\/\/youtrading.com\/en\/#website"},"datePublished":"2022-05-30T11:18:00+00:00","dateModified":"2022-05-31T10:10:10+00:00","breadcrumb":{"@id":"https:\/\/youtrading.com\/en\/apple-inc-drives-market-growth-but-will-it-last\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/youtrading.com\/en\/apple-inc-drives-market-growth-but-will-it-last\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/youtrading.com\/en\/apple-inc-drives-market-growth-but-will-it-last\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/youtrading.com\/en\/"},{"@type":"ListItem","position":2,"name":"Apple Inc. drives market growth, but will it last?"}]},{"@type":"WebSite","@id":"https:\/\/youtrading.com\/en\/#website","url":"https:\/\/youtrading.com\/en\/","name":"Youtrading UK","description":"Leaders in Trader Training","publisher":{"@id":"https:\/\/youtrading.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/youtrading.com\/en\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/youtrading.com\/en\/#organization","name":"YouTrading","url":"https:\/\/youtrading.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg","contentUrl":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg","width":2531,"height":570,"caption":"YouTrading"},"image":{"@id":"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/YouTradingEnglish\/","https:\/\/www.instagram.com\/youtrading_english\/","https:\/\/www.youtube.com\/channel\/UCc22BNolZpSd33lXc8utUvg"]},{"@type":"Person","@id":"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab","name":"Nathan Batchelor","description":"Nathan Bathelor brings a professional trading background and highly renowned technical analysis with 15 years of experience. 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