142.22 is our pivot point.
Our preference: the downside prevails as long as 142.22 is resistance.
Alternative scenario: the upside breakout of 142.22, would call for 142.86 and 143.24.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 142.10 and 142.43).
Supports and resistances:
143.24 **
142.86 *
142.22 **
141.97
141.69 last
140.88
140.50 **
140.11 *
139.73 **
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 00:08 UTC+1
Price reference: 141.69 last known on 03-24-2023 at 00:08 UTC+1
Investment horizon: INTRADAY