Apple intraday: the downside prevails as long as 150.4 is resistance

 

Apple intraday: the downside prevails as long as 150.4 is resistance   Our pivot point is at 150.4.   Our preference: The downside prevails as long as 150.4 is resistance.   Alternative scenario: The upside breakout of 150.4, would call for 151.4 and 151.8.   Comment: The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Apple is trading under both its 20 and 50 period moving average (respectively at 149.96 and 150.02).

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