The MACD must penetrate its zero line to expect further downside.
Our pivot point stands at 9.70.
Our preference: target 9.02.
Alternative scenario: above 9.70, look for 9.97 and 10.13.
Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (9.55) but above its 50 period moving average (9.45).
Supports and resistances:
10.13 **
9.97 *
9.70 **
9.60
9.49 last
9.18
9.02 **