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In terms of technical analysis, we are currently observing and following the 'yellow' trendlines as they are being formed. Expect a slight dip to the $115 range before any upward swing in the next few weeks.
As for its fundamental analysis, we are paying close attention to the rumored Apple's event slated for March 23, to see if there is any major directional shakeup/ new product(s) being unveiled.
In terms of market selloffs/ inflation expectation/ bond yields movement, we are not discrediting any of those potential factors in the near future. However, we remain relatively sanguine as reopening and vaccine distribution are being rolled out, at least during the 1st and 2nd quarters of 2021.
In terms of technical analysis, we are currently observing and following the 'yellow' trendlines as they are being formed. Expect a slight dip to the $115 range before any upward swing in the next few weeks.
As for its fundamental analysis, we are paying close attention to the rumored Apple's event slated for March 23, to see if there is any major directional shakeup/ new product(s) being unveiled.
In terms of market selloffs/ inflation expectation/ bond yields movement, we are not discrediting any of those potential factors in the near future. However, we remain relatively sanguine as reopening and vaccine distribution are being rolled out, at least during the 1st and 2nd quarters of 2021.
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