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Our pivot point is at 15.82.
Our preference
As long as 15.82 is support look for 17.01.
Alternative scenario
The downside breakout of 15.82 would call for 15.36 and 15.08.
Comment
The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (16.20) but above its 50 period moving average (16.10).
Supports and resistances
17.56 **
17.28 *
17.01 **
16.73
16.18 last
16.00
15.82 **
15.36 *
15.08 **
Number of asterisks represents the strength of support and resistance levels.
