Our pivot point is at 162.73.
Our preference: rebound towards 164.80.
Alternative scenario: the downside breakout of 162.73 would call for 161.95 and 161.48.
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 163.40 and 163.57).
Supports and resistances:
165.73 **
165.27 *
164.80 **
164.34
163.36 last
163.03
162.73 **
161.95 *
161.48 **
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 21:44 UTC+1
Price reference: 163.36 last known on 03-02-2023 at 21:44 UTC+1
Investment horizon: INTRADAY