Apple may rise to 253.20 - 258.40

225.6 is our pivot point.

Our preference

The upside prevails as long as 225.6 is support.

Alternative scenario

Below 225.6, expect 217 and 211.9.

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 above its 20 and 50 day moving average (respectively at 227.5215 and 224.1572). Finally, Apple has crossed above its upper daily Bollinger band (233.76).

Supports and resistances

263.6 **

258.4 *

253.2 **

247.9

233.8 (USD-last)

228.9

225.6 **

217 *

211.9 **

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