Apple may rise to 241.20 - 246.40

Our pivot point stands at 211.2.

Our preference

As long as 211.2 is support look for 241.2.

Alternative scenario

Below 211.2, expect 202.7 and 197.7.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is below its 20 day moving average (224.724) but above its 50 day moving average (212.5994).

Supports and resistances

251.3 **

246.4 *

241.2 **

236

219.86 (USD-last)

214.4

211.2 **

202.7 *

197.7 **

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