Our pivot point stands at 559.4.
Our preference: the upside prevails as long as 559.4 is support.
Alternative scenario: the downside breakout of 559.4 would call for 547.1 and 539.7.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 562.8 and 565.3).
Supports and resistances:
606.9 **
599.5 *
592.2 **
584.8
569.1 last
564.3
559.4 **
547.1 *
539.7 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-22-2024 at 06:04 UTC+1
Price reference: 569.1 last known on 08-22-2024 at 06:04 UTC+1
Investment horizon: INTRADAY
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