Apple Intraday: look for a drop towards 229.08 before a bounce
Apple (AAPL.US)
-0.63-0.27%
look for a drop towards 229.08 before a bounce
Our pivot point is at 229.08.
Our preference: look for a drop towards 229.08 before a bounce
Alternative scenario: below 229.08, expect 226.63 and 225.17.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is below its 20 period moving average (231.73) but above its 50 period moving average (231.59).
Supports and resistances:
239.08 **
237.62 *
236.16 **
234.69
231.65 USD - last
230.04
229.08 **
226.63 *
225.17 **
Our preference: look for a drop towards 229.08 before a bounce
Alternative scenario: below 229.08, expect 226.63 and 225.17.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is below its 20 period moving average (231.73) but above its 50 period moving average (231.59).
Supports and resistances:
239.08 **
237.62 *
236.16 **
234.69
231.65 USD - last
230.04
229.08 **
226.63 *
225.17 **
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