Our pivot point stands at 543.9.
Our preference: the downside prevails as long as 543.9 is resistance.
Alternative scenario: the upside breakout of 543.9, would call for 554.3 and 560.5.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 539.9 and 548.7).
Supports and resistances:
560.5 **
554.3 *
543.9 **
539.8
534.6 last
521.0
514.8 **
508.6 *
502.5 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-17-2024 at 02:19 UTC+1
Price reference: 534.6 last known on 09-17-2024 at 02:19 UTC+1
Investment horizon: INTRADAY
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