Our pivot point is at 323.5.
Our preference: the upside prevails as long as 323.5 is support.
Alternative scenario: the downside breakout of 323.5 would call for 317.8 and 314.4.
Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). 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 317.6 and 313.6).
Supports and resistances:
347.3 **
343.9 *
340.5 **
337.0
328.0 last
325.8
323.5 **
317.8 *
314.4 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-02-2023 at 09:17 UTC+1
Price reference: 328.0 last known on 02-02-2023 at 09:17 UTC+1
Investment horizon: INTRADAY
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