Our pivot point is at 160.04.
Our preference: rebound towards 161.95.
Alternative scenario: the downside breakout of 160.04 would call for 159.35 and 158.93.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 160.92 and 161.08).
Supports and resistances:
162.78 **
162.36 *
161.95 **
161.53
160.65 last
160.32
160.04 **
159.35 *
158.93 **
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 03-24-2023 at 00:09 UTC+1
Price reference: 160.65 last known on 03-24-2023 at 00:09 UTC+1
Investment horizon: INTRADAY