Apple inches near current resistance - Analysis - 25-07-2019

Apple's stock rose in the intraday levels, amid the dominance of the upward medium-term wave, settling above 198.30, which represents the ratio 61.8% of Fibonacci retracement levels for a descending wave in the medium term (from 233.31 to 141.85), with positive pressure from the 50-day SMA, coupled with positive signals from the RSI. 

Therefore we expect more gains for the stock, targeting the next resistance at 211.66, which represents the ratio 76.4% of the same retracement levels. 

Expected trend for today: Bullish