Apple may rise to 251.80 - 257.00

Our pivot point is at 227.2.

Our preference

The upside prevails as long as 227.2 is support.

Alternative scenario

The downside breakout of 227.2 would call for 218.6 and 213.4.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 228.5825 and 225.5296).

Supports and resistances

262.2 **

257 *

251.8 **

246.6

235 (USD-last)

230.5

227.2 **

218.6 *

213.4 **

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