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Our pivot point stands at 18.78.
Our preference
Rebound towards 19.59.
Alternative scenario
The downside breakout of 18.78 would call for 18.47 and 18.28.
Comment
The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (19) but below its 50 period moving average (19.17).
Supports and resistances
19.97 **
19.78 *
19.59 **
19.41
19.03 last
18.91
18.78 **
18.47 *
18.28 **
Number of asterisks represents the strength of support and resistance levels.
