Apple may fall to 183.90 - 189.50

Our pivot point is at 221.3.

Our preference

The downside prevails as long as 221.3 is resistance.

Alternative scenario

The upside breakout of 221.3 would call for 231.2 and 236.9.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 221.566 and 213.7706).

Supports and resistances

236.9 **

231.2 *

221.3 **

217.5

209.82 (USD-last)

195

189.5 **

183.9 *

178.3 **

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