Pivot: 28.00
Our preference: Below 28, look for further downside with 21.3 19.55 as next targets.
Alternative scenario: An upside breakout of 28 would open the way towards 29.5.
Comment: the immediate trend remains down and the momentum is strong.
Trend: ST Ltd downside; MT Bearish, we have been bearish since 21 DEC 2012 (30.1).
Key levels Comment
30.75 Horizontal resistance
29.5 Horizontal resistance
28 Pivot point
23 Last
21.3 Horizontal support
19.55 Horizontal support
17.2 Horizontal support
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