Our pivot point is at 164.34.
Our preference: technical rebound towards 164.34 before a new drop.
Alternative scenario: above 164.34, look for 165.13 and 165.59.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above its 20 period moving average (163.62) but under its 50 period moving average (163.72).
Supports and resistances:
165.59 **
165.13 *
164.34 **
164.04
163.69 last
162.69
162.22 **
161.76 *
161.29 **
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 03:18 UTC+1
Price reference: 163.69 last known on 03-02-2023 at 03:18 UTC+1
Investment horizon: INTRADAY