Asian Indices delayed. US Indices updated twice daily at 7:30am and 7:30pm.
Alternative scenario: above 48.7, look for 50.1 and 51.1.
|Short Term View
(Rise, Limited Rise, Consolidation, Limited Decline, Decline)
|Change In Short Term View||None|
|Medium Term View
(Bullish, Range, Bearish)
|Change In Medium Term View||None|
Our pivot point stands at 48.7.
Our preference: the downside prevails as long as 48.7 is resistance.
Alternative scenario: the upside breakout of 48.7 would call for 50.1 and 51.1.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day MA (respectively at 47.67 and 47.58).
Supports and resistances:
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