Apple Intraday: the RSI is overbought
Apple (AAPL.US)
+7.62+2.19%
The upside prevails as long as 352.80 is support, with 359.16 and 360.79 as targets
Our pivot point is at 352.80.
Our preference: The upside prevails as long as 352.80 is support, with 359.16 and 360.79 as targets
Alternative scenario: below 352.80, expect 350.07 and 348.45.
Comment: the RSI is above 70. It could mean either that the price 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. The price is above its 20 and 50 period moving average (respectively at 352.30 and 349.40).
Supports and resistances:
362.42 *
360.79 **
359.16
355.79 USD - last
352.80 **
350.07 *
348.45 **
Our preference: The upside prevails as long as 352.80 is support, with 359.16 and 360.79 as targets
Alternative scenario: below 352.80, expect 350.07 and 348.45.
Comment: the RSI is above 70. It could mean either that the price 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. The price is above its 20 and 50 period moving average (respectively at 352.30 and 349.40).
Supports and resistances:
362.42 *
360.79 **
359.16
355.79 USD - last
352.80 **
350.07 *
348.45 **
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