Our pivot point stands at 569.8.
Our preference: look for a drop towards 569.8 before a bounce.
Alternative scenario: below 569.8, expect 558.4 and 551.6.
Comment: the RSI is above 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI would call for further downside. Moreover, the price is below its 20 period moving average (604.5) but above its 50 period moving average (584.4).
Supports and resistances:
635.2 **
628.2 *
621.1 **
614.1
597.8 last
574.3
569.8 **
558.4 *
551.6 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 03-14-2024 at 22:11 UTC+1
Price reference: 597.8 last known on 03-14-2024 at 22:11 UTC+1
Investment horizon: INTRADAY
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