Charter Communications may fall to 285.00 - 293.00

Our pivot point stands at 338.

Our preference

The downside prevails as long as 338 is resistance.

Alternative scenario

Above 338, look for 353 and 362.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 329.18 and 344.8014).

Supports and resistances

362 **

353 *

338 **

332

322.25 (USD-last)

302

293 **

285 *

276 **

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