Our pivot point stands at 542.8.
Our preference: rebound towards 588.9.
Alternative scenario: below 542.8, expect 527.2 and 517.9.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (555.7) but below its 50 period moving average (566.9).
Supports and resistances:
607.7 **
598.3 *
588.9 **
579.5
559.7 last
549.0
542.8 **
527.2 *
517.9 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 04-03-2024 at 08:59 UTC+1
Price reference: 559.7 last known on 04-03-2024 at 08:59 UTC+1
Investment horizon: INTRADAY
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