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Our pivot point stands at 18.20.
Our preference
As long as 18.20 is support look for 19.
Alternative scenario
The downside breakout of 18.20 would call for 17.89 and 17.70.
Comment
The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (18.46) but above its 50 period moving average (18.28).
Supports and resistances
19.37 **
19.18 *
19.00 **
18.81
18.44 last
18.32
18.20 **
17.89 *
17.70 **
Number of asterisks represents the strength of support and resistance levels.
