Apple may fall to 196.40 - 201.60

Our pivot point stands at 231.4.

Our preference

Target 201.6.

Alternative scenario

Above 231.4, look for 240.4 and 245.8.

Comment

The RSI is below 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 trading under its 20 day moving average (225.048) but above its 50 day moving average (212.0492).

Supports and resistances

245.8 **

240.4 *

231.4 **

228.1

218.36 (USD-last)

206.6

201.6 **

196.4 *

191.2 **

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