Our pivot point is at 527.1.
Our preference: as long as 527.1 is support look for 559.7.
Alternative scenario: below 527.1, expect 515.9 and 509.2.
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 538 and 532.5).
Supports and resistances:
573.2 **
566.5 *
559.7 **
553.0
538.1 last
531.6
527.1 **
515.9 *
509.2 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-18-2024 at 21:50 UTC+1
Price reference: 538.1 last known on 08-18-2024 at 21:50 UTC+1
Investment horizon: INTRADAY
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