Our pivot point stands at 166.25.
Our preference: the downside prevails as long as 166.25 is resistance.
Alternative scenario: above 166.25, look for 166.88 and 167.25.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 165.92 and 166.03).
Supports and resistances:
167.25 **
166.88 *
166.25 **
166.00
165.65 last
164.85
164.47 **
164.09 *
163.72 **
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 04-14-2023 at 12:19 UTC+1
Price reference: 165.65 last known on 04-14-2023 at 12:19 UTC+1
Investment horizon: INTRADAY