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Our pivot point stands at 21.01.
Our preference
The upside prevails as long as 21.01 is support.
Alternative scenario
The downside breakout of 21.01 would call for 20.33 and 19.93.
Comment
The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is below its 20 period moving average (21.70) but above its 50 period moving average (21.55).
Supports and resistances
23.76 **
23.35 *
22.95 **
22.54
21.66 last
21.27
21.01 **
20.33 *
19.93 **
Number of asterisks represents the strength of support and resistance levels.
