164.11 is our pivot point.
Our preference: the upside prevails as long as 164.11 is support.
Alternative scenario: the downside breakout of 164.11 would call for 163.46 and 163.07.
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 price is trading above both its 20 and 50 period moving average (respectively at 164.09 and 164.19).
Supports and resistances:
166.72 **
166.33 *
165.94 **
165.55
164.69 last
164.37
164.11 **
163.46 *
163.07 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 04-03-2023 at 12:15 UTC+1
Price reference: 164.69 last known on 04-03-2023 at 12:15 UTC+1
Investment horizon: INTRADAY