Apple may rise to 225.60 - 231.60

186.1 is our pivot point.

Our preference

The upside prevails as long as 186.1 is support.

Alternative scenario

Below 186.1, expect 176.4 and 170.8.

Comment

The RSI is above 70. It could mean either that the stock is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 192.386 and 180.709). Finally, Apple is trading above its upper Bollinger band (standing at 201.07).

Supports and resistances

237.8 **

231.6 *

225.6 **

219.4

207.15 (USD-last)

189.8

186.1 **

176.4 *

170.8 **

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