Apple Short Term: the upside prevails as long as 242.4 is support
Apple (AAPL.US)
+2.87+1.13%
the upside prevails as long as 242.4 is support.
Our pivot point stands at 242.4.
Our preference: the upside prevails as long as 242.4 is support.
Alternative scenario: the downside breakout of 242.4 would call for 236.5 and 232.8.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 242.4585 and 234.3126).
Supports and resistances:
270.1 **
266.6 *
262.8 **
259.3
249.79 (USD-last)
244.6
242.4 **
236.5 *
232.8 **
Our preference: the upside prevails as long as 242.4 is support.
Alternative scenario: the downside breakout of 242.4 would call for 236.5 and 232.8.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 242.4585 and 234.3126).
Supports and resistances:
270.1 **
266.6 *
262.8 **
259.3
249.79 (USD-last)
244.6
242.4 **
236.5 *
232.8 **
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