Pivot: 22.25
Our preference: LONG positions above 22.25 with 22.75 23.2 in sight.
Alternative scenario: The downside penetration of 22.25 will call for a slide towards 21.95 21.7.
Comment: a break above 22.75 would have strong bullish implications.
Trend: ST Ltd downside; MT Bearish
Key levels Comment
23.8** Intraday resistance
23.2** Intraday resistance
22.75*** Intraday resistance
22.47 Last
22.25** Intraday pivot point
21.95** Intraday support
21.7** Fib retracement (50%)
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