Our pivot point is at 163.01.
Our preference: rebound.
Alternative scenario: the downside breakout of 163.01 would call for 162.22 and 161.76.
Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (163.49) but under its 50 period moving average (163.74).
Supports and resistances:
166.02 **
165.56 *
165.09 **
164.63
163.66 last
163.31
163.01 **
162.22 *
161.76 **
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 03-02-2023 at 00:12 UTC+1
Price reference: 163.66 last known on 03-02-2023 at 00:12 UTC+1
Investment horizon: INTRADAY