Apple tries to pierce current resistance - Analysis - 10-07-2019

Apple's stock leaned on the support of 198.30, representing 61.8% in Fibonacci retracement levels for a descending wave in the medium term (from 233.31 to 141.85), amid positive support from the 50-day SMA, countered by negative signals from the RSI. 

Therefore we expect more gains as long as the support of 198.30, targeting the next resistance at 211.66, representing the ratio 76.4% of the same retracement levels. 

Expected trend for today: Bullish