Pivot: 21.05
Our preference: SHORT positions below 21.05 with 19.75 19.5 as next targets.
Alternative scenario: The upside breakout of 21.05 will open the way to 21.6 22.5.
Comment: the immediate trend remains down and the momentum is strong.
Trend: ST Ltd downside; MT Bearish
Key levels Comment
22.5** Intraday resistance
21.6** Fib retracement (61.8%)
21.05*** Intraday pivot point
19.965 Last
19.75** Intraday support
19.5* Intraday support
18.55** Fib projection
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