Pivot: 22.45
Our preference: LONG positions above 22.45 with targets @ 23 23.15.
Alternative scenario: The downside penetration of 22.45 will call for 22 21.8.
Comment: the RSI is mixed.
Trend: ST Ltd downside; MT Bearish
Key levels Comment
23.5** Intraday resistance
23.15** Fib retracement (38.2%)
23** Intraday resistance
22.59 Last
22.45** Intraday pivot point
22*** Previous low
21.8** Fib projection
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