Apple Short Term: the downside prevails as long as 232.4 is resistance
Apple (AAPL.US)
+6.98+3.14%
the downside prevails as long as 232.4 is resistance.
Our pivot point stands at 232.4.
Our preference: the downside prevails as long as 232.4 is resistance.
Alternative scenario: above 232.4, look for 241 and 246.2.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 239.305 and 239.1426).
Supports and resistances:
246.2 **
241 *
232.4 **
229
222.78 (USD-last)
211.2
206.4 **
201.3 *
196.2 **
Our preference: the downside prevails as long as 232.4 is resistance.
Alternative scenario: above 232.4, look for 241 and 246.2.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 239.305 and 239.1426).
Supports and resistances:
246.2 **
241 *
232.4 **
229
222.78 (USD-last)
211.2
206.4 **
201.3 *
196.2 **
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