Our pivot point stands at 163.98.
Our preference: as long as 163.98 is resistance look for 161.87.
Alternative scenario: above 163.98, look for 164.76 and 165.22.
Comment: the RSI is below 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI would call for further upside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 163.36 and 163.38).
Supports and resistances:
165.22 **
164.76 *
163.98 **
163.67
163.30 last
162.34
161.87 **
161.41 *
160.94 **
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 03-06-2023 at 12:15 UTC+1
Price reference: 163.30 last known on 03-06-2023 at 12:15 UTC+1
Investment horizon: INTRADAY