Apple may rise to 242.60 - 247.60

Our pivot point stands 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 50. The MACD is above its signal line and positive. 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.