Our pivot point stands at 165.72.
Our preference: the upside prevails as long as 165.72 is support.
Alternative scenario: the downside breakout of 165.72 would call for 165.09 and 164.71.
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 trading above both its 20 and 50 period moving average (respectively at 166.24 and 166.17).
Supports and resistances:
168.25 **
167.87 *
167.49 **
167.12
166.31 last
165.97
165.72 **
165.09 *
164.71 **
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 04-13-2023 at 03:47 UTC+1
Price reference: 166.31 last known on 04-13-2023 at 03:47 UTC+1
Investment horizon: INTRADAY