Our pivot point stands at 22.82.
Our preference: as long as 22.82 is support look for 24.78.
Alternative scenario: the downside breakout of 22.82 would call for 22.09 and 21.65.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 23.36 and 23.25).
Supports and resistances:
25.66 **
25.22 *
24.78 **
24.34
23.40 last
23.11
22.82 **
22.09 *
21.65 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-03-2025 at 06:12 UTC+1
Price reference: 23.40 last known on 09-03-2025 at 06:12 UTC+1
Investment horizon: INTRADAY
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