Our pivot point is at 78.9.
Our preference: under pressure below 78.9.
Alternative scenario: the upside breakout of 78.9, would call for 81.2 and 82.6.
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 77.8 and 77.9).
Supports and resistances:
82.6 **
81.2 *
78.9 **
78.0
77.1 last
74.2
72.8 **
71.4 *
70.0 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-24-2022 at 03:03 UTC+1
Price reference: 77.1 last known on 11-24-2022 at 03:03 UTC+1
Investment horizon: INTRADAY
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