Apple may rise to 210.30 - 214.90

Our pivot point is at 188.3.

Our preference

The upside prevails as long as 188.3 is support.

Alternative scenario

The downside breakout of 188.3 would call for 180.9 and 176.5.

Comment

The RSI is above 70. It could mean either that the stock is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). 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 190.839 and 179.5338).

Supports and resistances

219.2 **

214.9 *

210.3 **

205.8

196.89 (USD-last)

191.2

188.3 **

180.9 *

176.5 **

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