Our pivot point stands at 90.0.
Our preference: target 84.0.
Alternative scenario: the upside breakout of 90, would call for 92.3 and 93.7.
Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (88.4) but above its 50 period moving average (87.8).
Supports and resistances:
93.7 **
92.3 *
90.0 **
89.0
88.1 last
85.3
84.0 **
82.6 *
81.2 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-04-2023 at 16:00 UTC+1
Price reference: 88.1 last known on 05-04-2023 at 16:00 UTC+1
Investment horizon: INTRADAY
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