Apple buoyed by current support - Analysis - 20-09-2018

Apple's stock rose in the intraday levels after leaning on the pivotal support of 216.47, lending it positive momentum that helped it recoup losses, while the RSI reached oversold levels compared to the stock's movements, with positive pressure from the 50-day SMA, coupled with the dominance of the main upward trend in the medium and short terms. 

Therefore we expect more gains for the stock, as long as the support of 216.47 holds on, targeting the resistance of 229.67. 

Expected trend for today: Bullish