Charter Communications may rise to 353.00 - 362.00

Our pivot point is at 311.

Our preference

Short term rebound towards 353.

Alternative scenario

Below 311, expect 297 and 288.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 329.3135 and 343.1638).

Supports and resistances

370 **

362 *

353 **

345

327.3 (USD-last)

316

311 **

297 *

288 **

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