Our pivot point is at 295.
Our preference
The upside prevails as long as 295 is support.
Alternative scenario
The downside breakout of 295 would call for 275 and 263.
Comment
The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 293.42 and 281.1492).
Supports and resistances
375 **
364 *
352 **
340
312.47 (USD-last)
303
295 **
275 *
263 **
Number of asterisks represents the strength of support and resistance levels.
