Apple may fall to 174.80 - 180.10

Our pivot point is at 221.2.

Our preference

Under pressure below 221.2.

Alternative scenario

The upside breakout of 221.2 would call for 230.8 and 236.6.

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 share stands below its 20 and 50 day moving average (respectively at 223.793 and 212.9654). Finally, Apple has penetrated its lower daily Bollinger band (210.43).

Supports and resistances

236.6 **

230.8 *

221.2 **

217.3

209.2 (USD-last)

185.4

180.1 **

174.8 *

169.5 **

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