Our pivot point stands at 162.00.
Our preference: the upside prevails as long as 162 is support.
Alternative scenario: the downside breakout of 162 would call for 161.28 and 160.86.
Comment: the RSI is above its neutrality area at 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 162.36 and 162.51).
Supports and resistances:
164.76 **
164.33 *
163.91 **
163.49
162.58 last
162.28
162.00 **
161.28 *
160.86 **
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 03-09-2023 at 00:42 UTC+1
Price reference: 162.58 last known on 03-09-2023 at 00:42 UTC+1
Investment horizon: INTRADAY