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Our pivot point is at 24.38.
Our preference
The upside prevails as long as 24.38 is support.
Alternative scenario
The downside breakout of 24.38 would call for 23.60 and 23.13.
Comment
The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 24.73 and 24.50).
Supports and resistances
27.50 **
27.03 *
26.56 **
26.09
25.05 last
24.69
24.38 **
23.60 *
23.13 **
Number of asterisks represents the strength of support and resistance levels.
