Apple may rise to 231.40 - 236.90

201.5 is our pivot point.

Our preference

The upside prevails as long as 201.5 is support.

Alternative scenario

The downside breakout of 201.5 would call for 192.1 and 186.7.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 199.3895 and 186.0152).

Supports and resistances

242.7 **

236.9 *

231.4 **

225.6

209.56 (USD-last)

205.1

201.5 **

192.1 *

186.7 **

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