Apple may rise to 239.10 - 245.30

207.1 is our pivot point.

Our preference

The upside prevails as long as 207.1 is support.

Alternative scenario

The downside breakout of 207.1 would call for 196.8 and 190.8.

Comment

The RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (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 208.0995 and 192.7818).

Supports and resistances

251.7 **

245.3 *

239.1 **

232.9

220.27 (USD-last)

211

207.1 **

196.8 *

190.8 **

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