159.57 is our pivot point.
Our preference: the upside prevails as long as 159.57 is support.
Alternative scenario: the downside breakout of 159.57 would call for 158.88 and 158.47.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 159.77 and 159.76).
Supports and resistances:
162.22 **
161.81 *
161.40 **
160.98
160.15 last
159.85
159.57 **
158.88 *
158.47 **
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 03-27-2023 at 01:05 UTC+1
Price reference: 160.15 last known on 03-27-2023 at 01:05 UTC+1
Investment horizon: INTRADAY