Apple may fall to 188.90 - 194.60

Our pivot point stands at 224.6.

Our preference

Eye 194.6.

Alternative scenario

Above 224.6, look for 234.6 and 240.4.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is below its 20 day moving average (220.138) but above its 50 day moving average (214.756).

Supports and resistances

240.4 **

234.6 *

224.6 **

220.7

216.24 (USD-last)

200.3

194.6 **

188.9 *

182.9 **

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