Our pivot point is at 320.2.
Our preference: rebound towards 334.8.
Alternative scenario: the downside breakout of 320.2 would call for 315.1 and 312.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 326 and 330.2).
Supports and resistances:
340.9 **
337.9 *
334.8 **
331.7
324.5 last
322.3
320.2 **
315.1 *
312.0 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 05-02-2023 at 16:08 UTC+1
Price reference: 324.5 last known on 05-02-2023 at 16:08 UTC+1
Investment horizon: INTRADAY
TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf