Apple may rise to 249.30 - 254.40

Our pivot point is at 223.8.

Our preference

The upside prevails as long as 223.8 is support.

Alternative scenario

The downside breakout of 223.8 would call for 215.3 and 210.2.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 228.2425 and 225.0958).

Supports and resistances

259.6 **

254.4 *

249.3 **

244.1

232.15 (USD-last)

227.1

223.8 **

215.3 *

210.2 **

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