Charter Communications may fall to 237.30 - 244.50

Our pivot point stands at 280.4.

Our preference

As long as 280.4 is resistance look for 244.5.

Alternative scenario

The upside breakout of 280.4 would call for 292.6 and 299.9.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the share stands below its 20 and 50 day moving average (respectively at 268.7115 and 273.2712).

Supports and resistances

299.9 **

292.6 *

280.4 **

275.6

268.41 (USD-last)

251.7

244.5 **

237.3 *

230.1 **

Number of asterisks represents the strength of support and resistance levels.