The MACD must break above its zero level to call for further upside.
Our pivot point stands at 2.9.
Our preference: our next up target stands at 3.1.
Alternative scenario: the downside breakout of 2.9 would call for 2.8 and 2.8.
Comment: the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 3 and 3).
Supports and resistances:
3.2 **
3.2 *
3.1 **
3.1
3.0 last
2.9
2.9 **