Apple rises in positive zone - Analysis - 21-03-2019

Apple's stock rose 0.74% in the last session, while settling above the support of 107.74, representing the ratio 50% of Fibonacci retracement levels for a descending wave in the short term, with positive support from the 50-day SMA, countered by negative signals from the RSI. 

Therefore we expect more gains for the stock, targeting the next resistance at 198.53, representing the ratio 61.8% of the same retracement levels. 

Expected trend for today: Bullish