Our pivot point stands at 132.98.
Our preference: the downside prevails as long as 132.98 is resistance.
Alternative scenario: above 132.98, look for 133.48 and 133.78.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 132.75 and 133).
Supports and resistances:
133.78 **
133.48 *
132.98 **
132.78
132.55 last
131.91
131.61 **
131.31 *
131.00 **
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 20:04 UTC+1
Price reference: 132.55 last known on 04-13-2023 at 20:04 UTC+1
Investment horizon: INTRADAY