Charter Communications may rise to 365.00 - 375.00

Our pivot point stands at 309.

Our preference

The upside prevails as long as 309 is support.

Alternative scenario

The downside breakout of 309 would call for 293 and 284.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 301.788 and 286.0222).

Supports and resistances

385 **

375 *

365 **

355

321.63 (USD-last)

315

309 **

293 *

284 **

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