Charter Communications may rise to 432.00 - 452.00

Our pivot point stands at 336.

Our preference

The upside prevails as long as 336 is support.

Alternative scenario

The downside breakout of 336 would call for 304 and 285.

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 335.4795 and 304.5462).

Supports and resistances

471 **

452 *

432 **

412

363.5 (USD-last)

348

336 **

304 *

285 **

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