Apple may rise to 245.20 - 250.50

Our pivot point is at 220.5.

Our preference

The upside prevails as long as 220.5 is support.

Alternative scenario

The downside breakout of 220.5 would call for 211.7 and 206.4.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 225.922 and 223.4378).

Supports and resistances

255.6 **

250.5 *

245.2 **

240

227.55 (USD-last)

223.9

220.5 **

211.7 *

206.4 **

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