Apple stages tactical decline - Analysis - 25-04-2019

Apple's stock settled above the support of 198.19, representing the ratio 61.8% of Fibonacci retracement levels for a descending wave in the short term (from 233.47 to 142.00), while venting off overbought saturation in the RSI and gathering momentum, amid positive support from the 50-day SMA. 

Therefore we expect the stock to rise and target the next resistance at 211.72, which represents the ratio 76.4% of the same retracement levels, as long as the support of 198.19 holds on. 

Expected trend for today: Bullish