Apple may rise to 233.00 - 238.80

204.9 is our pivot point.

Our preference

As long as 204.9 is support look for 233.

Alternative scenario

Below 204.9, expect 195.4 and 189.6.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 204.596 and 189.8298).

Supports and resistances

244.6 **

238.8 *

233 **

227.2

214.1 (USD-last)

208.5

204.9 **

195.4 *

189.6 **

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