162.86 is our pivot point.
Our preference: the upside prevails as long as 162.86 is support.
Alternative scenario: the downside breakout of 162.86 would call for 162.07 and 161.61.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 163.30 and 163.37).
Supports and resistances:
165.88 **
165.42 *
164.95 **
164.49
163.54 last
163.16
162.86 **
162.07 *
161.61 **
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 03-03-2023 at 19:47 UTC+1
Price reference: 163.54 last known on 03-03-2023 at 19:47 UTC+1
Investment horizon: INTRADAY