Our pivot point is at 24530.
Our preference: as long as 24530 is support look for 25420.
Alternative scenario: the downside breakout of 24530 would call for 24190 and 24000.
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 (24858) but above its 50 period moving average (24622).
Supports and resistances:
25810 **
25620 *
25420 **
25220
24804 last
24660
24530 **
24190 *
24000 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-20-2023 at 22:12 UTC+1
Price reference: 24804 last known on 02-20-2023 at 22:12 UTC+1
Investment horizon: INTRADAY
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