18.54 is our pivot point.
Our preference: as long as 18.54 is support look for 32.63.
Alternative scenario: the downside breakout of 18.54 would call for 13.68 and 10.79.
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 trading under its 20 period moving average (24.24) but above its 50 period moving average (20.84).
Supports and resistances:
38.71 **
35.67 *
32.63 **
29.59
23.39 last
20.45
18.54 **
13.68 *
10.79 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-02-2025 at 12:09 UTC+1
Price reference: 23.39 last known on 09-02-2025 at 12:09 UTC+1
Investment horizon: ST
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