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Our pivot point stands at 22.36.
Our preference
As long as 22.36 is resistance look for 20.23.
Alternative scenario
Above 22.36, look for 23.04 and 23.45.
Comment
The RSI is below 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI would call for further upside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 21.55 and 21.71).
Supports and resistances
23.45 **
23.04 *
22.36 **
22.09
21.52 last
20.63
20.23 **
19.83 *
19.43 **
Number of asterisks represents the strength of support and resistance levels.
