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Our pivot point stands at 23.32.
Our preference
The upside prevails as long as 23.32 is support.
Alternative scenario
The downside breakout of 23.32 would call for 22.76 and 22.42.
Comment
The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 21.91 and 21.55).
Supports and resistances
25.56 **
25.23 *
24.89 **
24.55
23.81 last
23.55
23.32 **
22.76 *
22.42 **
Number of asterisks represents the strength of support and resistance levels.
