Apple may rise to 233.80 - 239.60

Our pivot point stands at 202.7.

Our preference

As long as 202.7 is support look for 233.8.

Alternative scenario

Below 202.7, expect 193.1 and 187.4.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 205.5625 and 190.6822).

Supports and resistances

245.5 **

239.6 *

233.8 **

227.7

210.62 (USD-last)

206.5

202.7 **

193.1 *

187.4 **

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