Apple may rise to 251.90 - 259.20

Our pivot point stands at 213.2.

Our preference

As long as 213.2 is support look for 251.9.

Alternative scenario

The downside breakout of 213.2 would call for 201.6 and 194.5.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 221.3565 and 205.293).

Supports and resistances

266.4 **

259.2 *

251.9 **

244.7

224.18 (USD-last)

217.6

213.2 **

201.6 *

194.5 **

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