Apple Intraday: Under pressure below 316.32, with 306.63 and 304.62 as targets
Apple (AAPL.US)
-5.58-1.76%
Under pressure below 316.32, with 306.63 and 304.62 as targets
Our pivot point is at 316.32.
Our preference: Under pressure below 316.32, with 306.63 and 304.62 as targets
Alternative scenario: above 316.32, look for 319.74 and 321.77.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. The price stands below its 20 and 50 period moving average (respectively at 315.76 and 311.92). The Apple is trading below its lower Bollinger band (standing at 312.71).
Supports and resistances:
321.77 **
319.74 *
316.32 **
311.34 USD - last
306.63
304.62 **
302.61 *
Our preference: Under pressure below 316.32, with 306.63 and 304.62 as targets
Alternative scenario: above 316.32, look for 319.74 and 321.77.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. The price stands below its 20 and 50 period moving average (respectively at 315.76 and 311.92). The Apple is trading below its lower Bollinger band (standing at 312.71).
Supports and resistances:
321.77 **
319.74 *
316.32 **
311.34 USD - last
306.63
304.62 **
302.61 *
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