Our pivot point stands at 160.49.
Our preference: the upside prevails as long as 160.49 is support.
Alternative scenario: the downside breakout of 160.49 would call for 159.79 and 159.38.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 160.33 and 159.84).
Supports and resistances:
163.24 **
162.82 *
162.41 **
161.99
161.12 last
160.77
160.49 **
159.79 *
159.38 **
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 12:16 UTC+1
Price reference: 161.12 last known on 03-27-2023 at 12:16 UTC+1
Investment horizon: INTRADAY