Our pivot point stands at 1529.
Our preference: as long as 1529 is support look for 1594.
Alternative scenario: the downside breakout of 1529 would call for 1504 and 1489.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (1552) but above its 50 period moving average (1535).
Supports and resistances:
1624 **
1609 *
1594 **
1579
1549 last
1539
1529 **
1504 *
1489 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-15-2023 at 06:46 UTC+1
Price reference: 1549 last known on 02-15-2023 at 06:46 UTC+1
Investment horizon: INTRADAY
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