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The MACD must break above its zero level to call for further upside.
Our pivot point stands at 15.80.
Our preference: rebound.
Alternative scenario: below 15.80, expect 15.30 and 15.00.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (16.16) but under its 50 period moving average (16.33).
Supports and resistances:
17.82 **
17.52 *
17.22 **
16.92
16.32 last
15.99
15.80 **