Our pivot point is at 369.9.
Our preference: as long as 369.9 is support look for 390.
Alternative scenario: the downside breakout of 369.9 would call for 363.2 and 359.2.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 372.7 and 362.2).
Supports and resistances:
398.0 **
394.0 *
390.0 **
386.0
377.6 last
372.5
369.9 **
363.2 *
359.2 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-22-2024 at 06:50 UTC+1
Price reference: 377.6 last known on 02-22-2024 at 06:50 UTC+1
Investment horizon: INTRADAY
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