Our pivot point stands at 2474.
Our preference: as long as 2474 is support look for 2635.
Alternative scenario: below 2474, expect 2411 and 2374.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (2527) but above its 50 period moving average (2508).
Supports and resistances:
2709 **
2672 *
2635 **
2598
2524 last
2498
2474 **
2411 *
2374 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 08-29-2024 at 06:05 UTC+1
Price reference: 2524 last known on 08-29-2024 at 06:05 UTC+1
Investment horizon: INTRADAY
TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf