Apple Short Term: the downside prevails as long as 234.06 is resistance
Apple (AAPL.US)
+6.98+3.14%
the downside prevails as long as 234.06 is resistance
Our pivot point is at 234.06.
Our preference: the downside prevails as long as 234.06 is resistance
Alternative scenario: above 234.06, look for 243.02 and 248.35.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 240.93 and 239.23).
Supports and resistances:
248.35 **
243.02 *
234.06 **
230.55
223.66 USD - last
211.86
206.64 **
201.43 *
196.21 **
Our preference: the downside prevails as long as 234.06 is resistance
Alternative scenario: above 234.06, look for 243.02 and 248.35.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 240.93 and 239.23).
Supports and resistances:
248.35 **
243.02 *
234.06 **
230.55
223.66 USD - last
211.86
206.64 **
201.43 *
196.21 **
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