Apple intraday : target 216.08
The MACD must penetrate its zero line to expect further downside.
Our pivot point is at 223.67.
Our preference: target 216.08
Alternative scenario: above 223.67, look for 226.21 and 227.72.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (222.91) but above its 50 period moving average (220.17). Finally, the Apple is trading below its lower Bollinger band (standing at 221.01).
Supports and resistances:
227.72 **
226.21 *
223.67 **
222.67
220.60 USD - last
217.59
216.08 **
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