Apple Short Term: under pressure below 231.8

Apple (AAPL.US)
-1.08-0.46%
under pressure below 231.8.
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Our pivot point is at 231.8.

Our preference: under pressure below 231.8.

Alternative scenario: the upside breakout of 231.8 would call for 239.9 and 244.8.

Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the share stands below its 20 and 50 day moving average (respectively at 224.2505 and 222.575).

Supports and resistances:
244.8 **
239.9 *
231.8 **
228.4
220.82 (USD-last)
210.3
205.5 **
200.7 *
195.8 **

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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