Apple may rise to 234.10 - 240.30

Our pivot point stands at 203.1.

Our preference

The upside prevails as long as 203.1 is support.

Alternative scenario

Below 203.1, expect 192.7 and 186.6.

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 trading above both its 20 and 50 day moving average (respectively at 196.0265 and 183.3588).

Supports and resistances

246.6 **

240.3 *

234.1 **

227.6

212.49 (USD-last)

207.3

203.1 **

192.7 *

186.6 **

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