Charter Communications may rise to 366.00 - 375.00

317 is our pivot point.

Our preference

Short term rebound.

Alternative scenario

The downside breakout of 317 would call for 303 and 294.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the stock is trading above its 20 day moving average (327.4765) but under its 50 day moving average (338.6874).

Supports and resistances

384 **

375 *

366 **

356

331.95 (USD-last)

323

317 **

303 *

294 **

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