Our pivot point stands at 142.78.
Our preference: our next up target stands at 144.85.
Alternative scenario: the downside breakout of 142.78 would call for 142.10 and 141.69.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 142.88 and 143.28).
Supports and resistances:
145.66 **
145.26 *
144.85 **
144.45
143.33 last
143.04
142.78 **
142.10 *
141.69 **
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 10:32 UTC+1
Price reference: 143.33 last known on 03-23-2023 at 10:32 UTC+1
Investment horizon: INTRADAY