Apple may rise to 252.60 - 259.40

Our pivot point stands at 220.

Our preference

The upside prevails as long as 220 is support.

Alternative scenario

The downside breakout of 220 would call for 209 and 202.4.

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 above its 20 and 50 day moving average (respectively at 218.127 and 200.9958).

Supports and resistances

265.9 **

259.4 *

252.6 **

245.9

230.54 (USD-last)

224.3

220 **

209 *

202.4 **

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