Our pivot point is at 11.47.
Our preference
Rebound towards 12.28.
Alternative scenario
The downside breakout of 11.47 would call for 11.17 and 10.99.
Comment
The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (11.71) but under its 50 period moving average (11.80).
Supports and resistances
12.64 **
12.46 *
12.28 **
12.11
11.71 last
11.58
11.47 **
11.17 *
10.99 **
Number of asterisks represents the strength of support and resistance levels.


