Our pivot point stands at 163.18.
Our preference: rebound towards 165.39.
Alternative scenario: below 163.18, expect 162.40 and 161.94.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 164.08 and 164.51).
Supports and resistances:
166.32 **
165.85 *
165.39 **
164.92
163.96 last
163.49
163.18 **
162.40 *
161.94 **
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 03-01-2023 at 02:26 UTC+1
Price reference: 163.96 last known on 03-01-2023 at 02:26 UTC+1
Investment horizon: INTRADAY