Charter Communications may rise to 298.40 - 305.50

Our pivot point is at 261.4.

Our preference

The upside prevails as long as 261.4 is support.

Alternative scenario

Below 261.4, expect 249.5 and 242.4.

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 271.728 and 271.4298).

Supports and resistances

313 **

305.5 *

298.4 **

291.2

276.11 (USD-last)

266.3

261.4 **

249.5 *

242.4 **

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