611.3 is our pivot point.
Our preference: rebound towards 635.1.
Alternative scenario: the downside breakout of 611.3 would call for 602.3 and 596.9.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 619.4 and 623).
Supports and resistances:
645.8 **
640.4 *
635.1 **
629.7
618.4 last
614.8
611.3 **
602.3 *
596.9 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-19-2024 at 04:05 UTC+1
Price reference: 618.4 last known on 11-19-2024 at 04:05 UTC+1
Investment horizon: INTRADAY
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