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Our pivot point is at 16.63.
Our preference
The upside prevails as long as 16.63 is support.
Alternative scenario
The downside breakout of 16.63 would call for 16.35 and 16.18.
Comment
The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 16.74 and 16.83).
Supports and resistances
17.71 **
17.54 *
17.37 **
17.20
16.86 last
16.74
16.63 **
16.35 *
16.18 **
Number of asterisks represents the strength of support and resistance levels.
