Our pivot point stands at 50950.
Our preference: the upside prevails as long as 50950 is support.
Alternative scenario: below 50950, expect 50130 and 49640.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 51462 and 51356).
Supports and resistances:
54060 **
53570 *
53080 **
52590
51597 last
51270
50950 **
50130 *
49640 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-22-2024 at 06:50 UTC+1
Price reference: 51597 last known on 02-22-2024 at 06:50 UTC+1
Investment horizon: INTRADAY
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