Apple may rise to 242.60 - 247.60

Our pivot point is at 217.9.

Our preference

The upside prevails as long as 217.9 is support.

Alternative scenario

The downside breakout of 217.9 would call for 209.8 and 204.9.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 224.69 and 222.6748).

Supports and resistances

252.4 **

247.6 *

242.6 **

237.8

226.8 (USD-last)

221

217.9 **

209.8 *

204.9 **

Number of asterisks represents the strength of support and resistance levels.