Apple may fall to 195.60 - 200.80

Our pivot point is at 227.2.

Our preference

Target 200.8.

Alternative scenario

Above 227.2, look for 236 and 241.3.

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 below its 20 day moving average (225.112) but above its 50 day moving average (210.8566).

Supports and resistances

241.3 **

236 *

227.2 **

223.9

218.7 (USD-last)

206

200.8 **

195.6 *

190.4 **

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