Ai Event Could be a Trigger Catalyst for This Tech Stock
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Ryan Fitzwater, Publisher
Next week there’s a key catalyst event happening on a tech stock, and I’m currently tracking it in Daily Profits Live for a potential multiple trade setup.
The tech company is Apple (APPL).
Here’s why it’s on my watchlist.
On Sept. 9, APPL will reveal the new iPhone 16 at the “It’s Glowtime” event.
It’s likely that Apple’s generative AI platform, Apple Intelligence, will now be available across the new iPhone line.
Also, APPL’s biggest iPhone assembler, Foxxconn, reported sales of $548 billion for the month of August. It was a record for the month, and a 32.8% increase year over year.
While I always focus on chart patterns first as the basis for my trades, this AiPhone event is a clear catalyst for APPL. I’ll be tracking it for potential new all-time highs leading up into next week.
I already opened one contract on APPL and yesterday closed for a 30% gain in less than 1 trading day earlier this week.
Now I’ll be looking for another run up into the AiPhone event on Sept. 9.
Action Plan: Apple (AAPL) has its AiPhone release event next week and I’m looking for APPL to move higher from oversold levels.
I’m currently building a 3-5 lotto trade in Daily Profits Live, starting with 1 contract. From there I’ll look to build into more positions and capture a run higher into the event next week. The main goal is to take profits before the event.
To see exactly how I’m trading Apple, click here to join Daily Profits Live.
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This will be your rare chance to get all my trades for FREE for 5 straight trading days.
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