Our pivot point stands at 2898.
Our preference: the upside prevails as long as 2898 is support.
Alternative scenario: the downside breakout of 2898 would call for 2844 and 2811.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 2931 and 2925).
Supports and resistances:
3104 **
3071 *
3039 **
3007
2942 last
2920
2898 **
2844 *
2811 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-22-2024 at 06:51 UTC+1
Price reference: 2942 last known on 02-22-2024 at 06:51 UTC+1
Investment horizon: INTRADAY
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