Apple may rise to 229.10 - 234.80

199.7 is our pivot point.

Our preference

The upside prevails as long as 199.7 is support.

Alternative scenario

The downside breakout of 199.7 would call for 190.3 and 184.7.

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 200.225 and 186.8118).

Supports and resistances

240.5 **

234.8 *

229.1 **

223.3

207.49 (USD-last)

203.4

199.7 **

190.3 *

184.7 **

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