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Our pivot point stands at 19.54.
Our preference
The upside prevails as long as 19.54 is support.
Alternative scenario
The downside breakout of 19.54 would call for 18.91 and 18.53.
Comment
The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading under its 20 period moving average (20.38) but above its 50 period moving average (20.12).
Supports and resistances
22.48 **
22.10 *
21.71 **
21.33
20.34 last
19.78
19.54 **
18.91 *
18.53 **
Number of asterisks represents the strength of support and resistance levels.
