Our pivot point is at 160.51.
Our preference: rebound towards 162.48.
Alternative scenario: the downside breakout of 160.51 would call for 159.81 and 159.40.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (161.01) but below its 50 period moving average (161.84).
Supports and resistances:
163.31 **
162.90 *
162.48 **
162.06
161.19 last
160.79
160.51 **
159.81 *
159.40 **
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 06:48 UTC+1
Price reference: 161.19 last known on 03-23-2023 at 06:48 UTC+1
Investment horizon: INTRADAY