Apple Intraday: under pressure below 272.13

Apple (AAPL.US)
-1.26-0.47%
under pressure below 272.13
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Our pivot point is at 272.13.

Our preference: under pressure below 272.13

Alternative scenario: above 272.13, look for 274.85 and 276.46.

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. Moreover, the price stands below its 20 and 50 period moving average (respectively at 270.08 and 269.65).

Supports and resistances:
276.46 **
274.85 *
272.13 **
271.07
269.61 USD - last
266.31
264.70 **
263.09 *
261.48 **

Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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