Our pivot point is at 273.7.
Our preference
The upside prevails as long as 273.7 is support.
Alternative scenario
The downside breakout of 273.7 would call for 268.1 and 264.8.
Comment
The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 274.959 and 277.508).
Supports and resistances
297.8 **
294.4 *
291 **
287.7
280.1 (USD-last)
275.9
273.7 **
268.1 *
264.8 **
Number of asterisks represents the strength of support and resistance levels.
