Charter Communications may fall to 283.00 - 291.00

336 is our pivot point.

Our preference

The downside prevails as long as 336 is resistance.

Alternative scenario

Above 336, look for 350 and 359.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 325.7645 and 335.8812).

Supports and resistances

359 **

350 *

336 **

331

315.41 (USD-last)

299

291 **

283 *

275 **

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