593.5 is our pivot point.
Our preference: as long as 593.5 is support look for 622.3.
Alternative scenario: below 593.5, expect 583.3 and 577.3.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 602.1 and 599.4).
Supports and resistances:
634.5 **
628.4 *
622.3 **
616.2
602.4 last
597.5
593.5 **
583.3 *
577.3 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-25-2024 at 22:15 UTC+1
Price reference: 602.4 last known on 05-25-2024 at 22:15 UTC+1
Investment horizon: INTRADAY
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