Apple may rise to 245.90 - 252.50

Our pivot point stands at 213.2.

Our preference

The upside prevails as long as 213.2 is support.

Alternative scenario

Below 213.2, expect 202.6 and 196.2.

Comment

The RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 210.983 and 195.0848).

Supports and resistances

258.8 **

252.5 *

245.9 **

239.4

226.34 (USD-last)

217.4

213.2 **

202.6 *

196.2 **

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