Charter Communications may rise to 407.00 - 425.00

Our pivot point is at 317.

Our preference

As long as 317 is support look for 407.

Alternative scenario

Below 317, expect 286 and 268.

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 (359.6885) but above its 50 day moving average (325.8472).

Supports and resistances

444 **

425 *

407 **

388

348.73 (USD-last)

329

317 **

286 *

268 **

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