Our pivot point stands at 542.8.
Our preference: rebound towards 574.3.
Alternative scenario: the downside breakout of 542.8 would call for 530.8 and 523.7.
Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 556.3 and 566.7).
Supports and resistances:
588.5 **
581.4 *
574.3 **
567.2
552.3 last
547.5
542.8 **
530.8 *
523.7 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-27-2024 at 06:04 UTC+1
Price reference: 552.3 last known on 08-27-2024 at 06:04 UTC+1
Investment horizon: INTRADAY
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