Our pivot point stands at 21.86.
Our preference
Look for a drop towards 21.86 before a bounce.
Alternative scenario
The downside breakout of 21.86 would call for 21.31 and 20.98.
Comment
The RSI is above its neutrality area at 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 21.06 and 20.96).
Supports and resistances
23.97 **
23.65 *
23.32 **
22.99
22.31 last
22.07
21.86 **
21.31 *
20.98 **
Number of asterisks represents the strength of support and resistance levels.


