Our pivot point stands at 191.86.
Our preference: rebound.
Alternative scenario: the downside breakout of 191.86 would call for 191.05 and 190.56.
Comment: the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (192.14) but below its 50 period moving average (192.74).
Supports and resistances:
194.95 **
194.47 *
193.99 **
193.51
192.53 last
192.17
191.86 **
191.05 *
190.56 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-02-2025 at 22:09 UTC+1
Price reference: 192.53 last known on 05-02-2025 at 22:09 UTC+1
Investment horizon: INTRADAY
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