Our pivot point stands at 144.61.
Our preference: look for a drop towards 144.61 before a bounce.
Alternative scenario: the downside breakout of 144.61 would call for 144.04 and 143.70.
Comment: the RSI is above 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is below its 20 period moving average (145.24) but above its 50 period moving average (145.11).
Supports and resistances:
146.90 **
146.56 *
146.22 **
145.89
145.19 last
144.83
144.61 **
144.04 *
143.70 **
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 12:16 UTC+1
Price reference: 145.19 last known on 03-02-2023 at 12:16 UTC+1
Investment horizon: INTRADAY