21.18 is our pivot point.
Our preference: under pressure below 21.18.
Alternative scenario: above 21.18, look for 21.78 and 22.14.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 20.76 and 20.70).
Supports and resistances:
22.14 **
21.78 *
21.18 **
20.94
20.70 last
19.97
19.61 **
19.25 *
18.89 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-03-2025 at 08:48 UTC+1
Price reference: 20.70 last known on 09-03-2025 at 08:48 UTC+1
Investment horizon: INTRADAY
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