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Our pivot point stands at 16.40.
Our preference
Our next up target stands at 17.37.
Alternative scenario
Below 16.40, expect 16.03 and 15.80.
Comment
The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading under its 20 period moving average (16.70) but above its 50 period moving average (16.69).
Supports and resistances
17.82 **
17.59 *
17.37 **
17.14
16.70 last
16.55
16.40 **
16.03 *
15.80 **
Number of asterisks represents the strength of support and resistance levels.
