Our pivot point is at 164.28.
Our preference: eye 162.09.
Alternative scenario: the upside breakout of 164.28, would call for 165.06 and 165.52.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is below its 20 period moving average (163.68) but above its 50 period moving average (163.56).
Supports and resistances:
165.52 **
165.06 *
164.28 **
163.97
163.61 last
162.56
162.09 **
161.63 *
161.16 **
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 12:18 UTC+1
Price reference: 163.61 last known on 03-02-2023 at 12:18 UTC+1
Investment horizon: INTRADAY