Apple may rise to 246.70 - 252.10

Our pivot point stands at 221.6.

Our preference

The upside prevails as long as 221.6 is support.

Alternative scenario

The downside breakout of 221.6 would call for 212.6 and 207.4.

Comment

The RSI is above 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 229.8795 and 226.6678).

Supports and resistances

257.4 **

252.1 *

246.7 **

241.4

230.57 (USD-last)

225

221.6 **

212.6 *

207.4 **

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