Charter Communications may rise to 415.00 - 434.00

Our pivot point stands at 326.

Our preference

As long as 326 is support look for 415.

Alternative scenario

The downside breakout of 326 would call for 294 and 275.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is below its 20 day moving average (354.2835) but above its 50 day moving average (318.7978).

Supports and resistances

454 **

434 *

415 **

395

353.31 (USD-last)

339

326 **

294 *

275 **

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