Apple Short Term: short term rebound

Apple (AAPL.US)
+0.99+0.47%
short term rebound.
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Our pivot point is at 185.5.

Our preference: short term rebound.

Alternative scenario: the downside breakout of 185.5 would call for 163.2 and 149.8.

Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the stock is trading above its 20 day moving average (202.2805) but under its 50 day moving average (219.517).

Supports and resistances:
277.1 **
263.5 *
249.8 **
236.2
208.37 (USD-last)
194.2
185.5 **
163.2 *
149.8 **

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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