Apple may fall to 195.30 - 200.50

Our pivot point is at 226.5.

Our preference

Target 200.5.

Alternative scenario

The upside breakout of 226.5 would call for 235.3 and 240.6.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is below its 20 day moving average (224.6335) but above its 50 day moving average (209.709).

Supports and resistances

240.6 **

235.3 *

226.5 **

223

217.96 (USD-last)

205.6

200.5 **

195.3 *

190.1 **

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