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Our pivot point stands at 18.19.
Our preference
Our next up target stands at 19.00.
Alternative scenario
The downside breakout of 18.19 would call for 17.88 and 17.69.
Comment
The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 18.39 and 18.42).
Supports and resistances
19.38 **
19.19 *
19.00 **
18.81
18.44 last
18.32
18.19 **
17.88 *
17.69 **
Number of asterisks represents the strength of support and resistance levels.
