Apple may rise to 241.30 - 246.50

Our pivot point stands at 216.6.

Our preference

As long as 216.6 is support look for 241.3.

Alternative scenario

Below 216.6, expect 208.1 and 202.9.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 225.012 and 222.9).

Supports and resistances

251.7 **

246.5 *

241.3 **

236.4

225.77 (USD-last)

219.9

216.6 **

208.1 *

202.9 **

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