Apple may rise to 235.20 - 240.90

Our pivot point stands at 205.8.

Our preference

The upside prevails as long as 205.8 is support.

Alternative scenario

Below 205.8, expect 196.8 and 191.3.

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 198.529 and 185.2174).

Supports and resistances

246.4 **

240.9 *

235.2 **

229.8

214.29 (USD-last)

209.4

205.8 **

196.8 *

191.3 **

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