Pivot: 22.15
Our preference: SHORT positions below 22.15 with 21.38 20.8 as next targets.
Alternative scenario: The upside breakout of 22.15 will open the way to 22.45 23.1.
Comment: as long as the resistance at 22.15 is not surpassed, the risk of the break below 21.38 remains high.
Trend: ST Ltd downside; MT Bearish
Key levels Comment
23.1** Intraday resistance
22.45** Intraday resistance
22.15*** Intraday pivot point
21.89 Last
21.38** Fib retracement (61.8%)
20.8* Fib projection
20.2** Previous low
Copyright 1999 – 2013 TRADING CENTRAL