Pivot: 1213.00
Our preference: LONG positions above 1213 with 1238 1244 in sight.
Alternative scenario: The downside penetration of 1213 will call for a slide towards 1204 1194.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Trend: ST Ltd downside; MT Ltd downside
Key levels Comment
1252** Intraday resistance
1244** Intraday resistance
1238** Intraday resistance
1223.9 Last
1213*** Intraday pivot point
1204** Intraday support
1194** Intraday support
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