Our pivot point stands at 304.9.
Our preference: rebound.
Alternative scenario: below 304.9, expect 299.5 and 296.3.
Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (307.8) but under its 50 period moving average (311.9).
Supports and resistances:
325.8 **
322.6 *
319.4 **
316.1
309.7 last
307.0
304.9 **
299.5 *
296.3 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 01-31-2023 at 04:30 UTC+1
Price reference: 309.7 last known on 01-31-2023 at 04:30 UTC+1
Investment horizon: INTRADAY
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