Our pivot point stands at 862.1.
Our preference: technical rebound towards 862.1 before a new drop.
Alternative scenario: the upside breakout of 862.1, would call for 874.7 and 882.3.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above its 20 period moving average (851) but under its 50 period moving average (852).
Supports and resistances:
882.3 **
874.7 *
862.1 **
857.1
851.9 last
836.6
829.1 **
821.6 *
814.0 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 09-03-2025 at 02:03 UTC+1
Price reference: 851.9 last known on 09-03-2025 at 02:03 UTC+1
Investment horizon: INTRADAY
TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf