Apple may rise to 252.60 - 259.40

Our pivot point is at 220.

Our preference

The upside prevails as long as 220 is support.

Alternative scenario

Below 220, expect 209 and 202.4.

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 above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 218.127 and 200.9958).

Supports and resistances

265.9 **

259.4 *

252.6 **

245.9

230.54 (USD-last)

224.3

220 **

209 *

202.4 **

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