Our pivot point is at 286.1.
Our preference: as long as 286.1 is support look for 296.6.
Alternative scenario: below 286.1, expect 282.1 and 279.7.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (289.4) but above its 50 period moving average (284.1).
Supports and resistances:
301.5 **
299.0 *
296.6 **
294.2
289.3 last
287.7
286.1 **
282.1 *
279.7 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-27-2022 at 04:24 UTC+1
Price reference: 289.3 last known on 10-27-2022 at 04:24 UTC+1
Investment horizon: INTRADAY
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