Apple Short Term: the upside prevails as long as 221.93 is support
Apple (AAPL.US)
-0.31-0.13%
the upside prevails as long as 221.93 is support
Our pivot point is at 221.93.
Our preference: the upside prevails as long as 221.93 is support
Alternative scenario: below 221.93, expect 212.51 and 206.90.
Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 216.82 and 209.59).
Supports and resistances:
262.93 **
257.20 *
251.47 **
245.74
231.59 USD - last
225.63
221.93 **
212.51 *
206.90 **
Our preference: the upside prevails as long as 221.93 is support
Alternative scenario: below 221.93, expect 212.51 and 206.90.
Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 216.82 and 209.59).
Supports and resistances:
262.93 **
257.20 *
251.47 **
245.74
231.59 USD - last
225.63
221.93 **
212.51 *
206.90 **
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