Our pivot point is at 160.50.
Our preference: technical rebound towards 160.50 before a new drop.
Alternative scenario: the upside breakout of 160.50, would call for 161.19 and 161.60.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above its 20 period moving average (159.39) but under its 50 period moving average (159.82).
Supports and resistances:
161.60 **
161.19 *
160.50 **
160.22
159.80 last
158.95
158.53 **
158.12 *
157.71 **
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 21:05 UTC+1
Price reference: 159.80 last known on 03-24-2023 at 21:05 UTC+1
Investment horizon: INTRADAY