Pivot: 1235
Our preference: Long positions above 1235 with targets @ 1361 1434 in extension.
Alternative scenario: Below 1235 look for further downside with 1180 1134 as targets.
Comment: the RSI is mixed with a bullish bias. The 20-day and 50-day moving averages are heading up and are possible areas of support.
Supports and resistances:
1485
1434
1361
1342 Last
1235
1180
1134
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