Apple Short Term: the RSI is overbought
Apple (AAPL.US)
+2.87+1.13%
the upside prevails as long as 248.74 is support
Our pivot point is at 248.74.
Our preference: the upside prevails as long as 248.74 is support
Alternative scenario: below 248.74, expect 242.75 and 239.18.
Comment: the RSI is above 70. It could mean either that the pair is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 245.03 and 235.38).
Supports and resistances:
273.64 **
270.04 *
266.44 **
262.85
255.27 USD - last
251.10
248.74 **
242.75 *
239.18 **
Our preference: the upside prevails as long as 248.74 is support
Alternative scenario: below 248.74, expect 242.75 and 239.18.
Comment: the RSI is above 70. It could mean either that the pair is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 245.03 and 235.38).
Supports and resistances:
273.64 **
270.04 *
266.44 **
262.85
255.27 USD - last
251.10
248.74 **
242.75 *
239.18 **
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