Apple may rise to 248.20 - 254.40

Our pivot point is at 218.2.

Our preference

The upside prevails as long as 218.2 is support.

Alternative scenario

Below 218.2, expect 207.8 and 201.7.

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 positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 214.2395 and 197.4366).

Supports and resistances

260.8 **

254.4 *

248.2 **

242

228.68 (USD-last)

222.3

218.2 **

207.8 *

201.7 **

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