Flying will be a necessity for those who needed, it won't be fun and easy as before. A lot of cumbersome paperwork, travel approval, and COVID test is needed for international travel at the moment. As per a survey conducted by the IATA, while the overall booking for airline seats are down by 82% year on year in June 2020 compared to June 2019, the long-haul...
FBMKLCI is closed at a new 7-month (2020) high at 1,611.42 However, the price is making a higher high (HH), but the Relative Strength Index is making a lower high (LH). This indicates the current market action is losing its momentum and weakening, meaning it could soon change direction.
A delayed iPhone launch certainly leads to a pullback in Apple's share price. However, a delay would likely only be temporary. Therefore, should the stock sell of significantly -- and particularly if it approaches Goldman's $299 target price -- patient investors may wish to view it as an opportunity to buy Apple's shares at a discount rate.