Apple may fall to 192.90 - 198.50

Our pivot point stands at 228.1.

Our preference

Target 198.5.

Alternative scenario

Above 228.1, look for 237.4 and 243.2.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under its 20 day moving average (224.4385) but above its 50 day moving average (209.0976).

Supports and resistances

243.2 **

237.4 *

228.1 **

224.6

217.45 (USD-last)

203.9

198.5 **

192.9 *

187.6 **

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