Apple may rise to 208.40 - 212.90

Our pivot point stands at 187.2.

Our preference

As long as 187.2 is support look for 208.4.

Alternative scenario

The downside breakout of 187.2 would call for 180.1 and 175.7.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 188.9625 and 178.0664).

Supports and resistances

217.2 **

212.9 *

208.4 **

204.1

194.35 (USD-last)

190.1

187.2 **

180.1 *

175.7 **

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