American Tower may fall to 202.10 - 206.50

Our pivot point stands at 228.3.

Our preference

The downside prevails as long as 228.3 is resistance.

Alternative scenario

Above 228.3, look for 235.4 and 239.8.

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 226.2405 and 228.4796).

Supports and resistances

239.8 **

235.4 *

228.3 **

225.4

221.46 (USD-last)

210.7

206.5 **

202.1 *

198 **

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