Apple may rise to 248.10 - 255.20

Our pivot point is at 214.1.

Our preference

As long as 214.1 is support look for 248.1.

Alternative scenario

Below 214.1, expect 202.3 and 195.4.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 222.088 and 206.1312).

Supports and resistances

262.2 **

255.2 *

248.1 **

240.9

224.31 (USD-last)

218.6

214.1 **

202.3 *

195.4 **

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