Our pivot point stands at 161.82.
Our preference: the downside prevails as long as 161.82 is resistance.
Alternative scenario: the upside breakout of 161.82, would call for 162.51 and 162.93.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 161.76 and 162.08).
Supports and resistances:
162.93 **
162.51 *
161.82 **
161.54
161.14 last
160.30
159.88 **
159.47 *
159.05 **
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 03-23-2023 at 00:09 UTC+1
Price reference: 161.14 last known on 03-23-2023 at 00:09 UTC+1
Investment horizon: INTRADAY