Charter Communications may rise to 299.00 - 306.20

262.9 is our pivot point.

Our preference

As long as 262.9 is support look for 299.

Alternative scenario

The downside breakout of 262.9 would call for 250.7 and 243.6.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 275.9715 and 269.7176).

Supports and resistances

313.7 **

306.2 *

299 **

291.5

276.26 (USD-last)

267.6

262.9 **

250.7 *

243.6 **

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