Apple may rise to 248.00 - 255.10

Our pivot point stands at 213.6.

Our preference

As long as 213.6 is support look for 248.

Alternative scenario

Below 213.6, expect 202 and 195.1.

Comment

The RSI is above 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 223.755 and 207.7644).

Supports and resistances

262.1 **

255.1 *

248 **

241

225.01 (USD-last)

218.2

213.6 **

202 *

195.1 **

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