Our pivot point stands at 19.10.
Our preference
Under pressure below 19.10.
Alternative scenario
The upside breakout of 19.10, would call for 19.63 and 19.95.
Comment
The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 18.81 and 18.56).
Supports and resistances
19.95 **
19.63 *
19.10 **
18.89
18.51 last
17.88
17.56 **
17.25 *
16.93 **
Number of asterisks represents the strength of support and resistance levels.


