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21.04 is our pivot point.
Our preference
Technical rebound towards 21.04 before a new drop.
Alternative scenario
The upside breakout of 21.04, would call for 21.15 and 21.21.
Comment
The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price stands above its 20 period moving average (20.96) but below its 50 period moving average (20.96).
Supports and resistances
21.21 **
21.15 *
21.04 **
21.00
20.96 last
20.83
20.77 **
20.71 *
20.65 **
Number of asterisks represents the strength of support and resistance levels.
