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A new iPhone launch cannot help the stock chart wise, as restrictions are preventing consumers of a normal shopping & spending mode regardless to economic outlook.

Over 75% from all apple electronic products are being sold offline at physical locations which are redacted by amount of shoppers in and amount of shoppers in malls and offline locations.
Therefore sales are predicted to be lower than any other iPhone launch in the past.
Portfolio position is a SHORT.
Size 200 lots.
CFD contract 100 units per lot.
Position value = 20,000 shares.
Margin requirement is 20% from position value i.e 2,160,000$ position *20% = 432,000$
Entry at 108$.
T.P 99$
Spread 9$
EST profit 180,000$
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