Apple may rise to 245.90 - 252.50

213.2 is our pivot point.

Our preference

The upside prevails as long as 213.2 is support.

Alternative scenario

Below 213.2, expect 202.6 and 196.2.

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 210.983 and 195.0848).

Supports and resistances

258.8 **

252.5 *

245.9 **

239.4

226.34 (USD-last)

217.4

213.2 **

202.6 *

196.2 **

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