IBM ST : the upside prevails as long as 250.31 is support

Our pivot point is at 250.31.

Our preference: the upside prevails as long as 250.31 is support

Alternative scenario: below 250.31, expect 232.14 and 221.32.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 247.27 and 245.18).

Supports and resistances:

322.76 **

311.81 *

300.85 **

289.89

266.76 USD - last

257.45

250.31 **