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Our pivot point stands at 16.01.
Our preference
The upside prevails as long as 16.01 is support.
Alternative scenario
The downside breakout of 16.01 would call for 13.99 and 12.78.
Comment
The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 17.34 and 17.04).
Supports and resistances
24.16 **
22.93 *
21.69 **
20.46
17.61 last
16.81
16.01 **
13.99 *
12.78 **
Number of asterisks represents the strength of support and resistance levels.
