Charter Communications may rise to 331.00 - 339.00

Our pivot point stands at 283.

Our preference

The upside prevails as long as 283 is support.

Alternative scenario

The downside breakout of 283 would call for 269 and 261.

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 stock is trading above both its 20 and 50 day moving average (respectively at 290.4935 and 280.024).

Supports and resistances

348 **

339 *

331 **

322

304.17 (USD-last)

289

283 **

269 *

261 **

Number of asterisks represents the strength of support and resistance levels.