Apple may rise to 251.80 - 257.00

Our pivot point is at 225.9.

Our preference

The upside prevails as long as 225.9 is support.

Alternative scenario

The downside breakout of 225.9 would call for 217.2 and 212.1.

Comment

The RSI is above 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 229.5075 and 226.301).

Supports and resistances

262.2 **

257 *

251.8 **

246.6

235.86 (USD-last)

229.1

225.9 **

217.2 *

212.1 **

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