145.22 is our pivot point.
Our preference: as long as 145.22 is resistance look for 143.75.
Alternative scenario: above 145.22, look for 145.76 and 146.08.
Comment: the RSI is below its neutrality area at 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI should trigger further gains. Moreover, the price is trading above its 20 period moving average (144.65) but under its 50 period moving average (144.80).
Supports and resistances:
146.08 **
145.76 *
145.22 **
145.00
144.73 last
144.07
143.75 **
143.43 *
143.11 **
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 00:40 UTC+1
Price reference: 144.73 last known on 03-09-2023 at 00:40 UTC+1
Investment horizon: INTRADAY