Our pivot point stands at 56130.
Our preference: as long as 56130 is support look for 58830.
Alternative scenario: the downside breakout of 56130 would call for 55210 and 54670.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (56954) but above its 50 period moving average (56154).
Supports and resistances:
59930 **
59380 *
58830 **
58290
56893 last
56480
56130 **
55210 *
54670 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-27-2024 at 22:17 UTC+1
Price reference: 56893 last known on 02-27-2024 at 22:17 UTC+1
Investment horizon: INTRADAY
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