Our pivot point stands at 164.04.
Our preference: under pressure below 164.04.
Alternative scenario: the upside breakout of 164.04, would call for 164.82 and 165.29.
Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 163.42 and 163.42).
Supports and resistances:
165.29 **
164.82 *
164.04 **
163.74
163.42 last
162.43
161.97 **
161.50 *
161.04 **
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 03-06-2023 at 21:52 UTC+1
Price reference: 163.42 last known on 03-06-2023 at 21:52 UTC+1
Investment horizon: INTRADAY