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Our pivot point is at 21.34.
Our preference
Our next up target stands at 22.74.
Alternative scenario
The downside breakout of 21.34 would call for 20.80 and 20.48.
Comment
The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 20.82 and 21.51).
Supports and resistances
23.38 **
23.06 *
22.74 **
22.42
21.76 last
21.55
21.34 **
20.80 *
20.48 **
Number of asterisks represents the strength of support and resistance levels.
