Apple readies to attack current resistance - Analysis - 17-06-2019

Apple's stock tried to shake off negative pressure from the 50-day SMA, readying to tackle the resistance of 198.30, representing the ratio 61.8% of Fibonacci retracement levels for a descending wave in the medium term (from 233.31 to 141.85), countered by negative signals from the RSI. 

Therefore we expect more gains for the stock, provided the resistance of 109.30 was breached, targeting the next one at 211.66. 

Expected trend for today: Bullish