Our pivot point is at 163.27.
Our preference: Rebound
Alternative scenario: below 163.27, expect 162.55 and 162.11.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (163.81) but below its 50 period moving average (164.10).
Supports and resistances:
166.09 **
165.65 *
165.22 **
164.79
163.90 last
163.56
163.27 **
162.55 *
162.11 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-02-2025 at 21:38 UTC+1
Price reference: 163.90 last known on 05-02-2025 at 21:38 UTC+1
Investment horizon: INTRADAY
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