Stocks

Apple may rise to 208.10 - 213.40

2024-05-22

Our pivot point stands at 184.2.

Our preference

The upside prevails as long as 184.2 is support.

Alternative scenario

Below 184.2, expect 175.6 and 170.5.

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 above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 180.9375 and 174.9092).

Supports and resistances

218.4 **

213.4 *

208.1 **

202.9

192.35 (USD-last)

187.5

184.2 **

175.6 *

170.5 **

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

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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