22.78 is our pivot point.
Our preference: as long as 22.78 is support look for 24.75.
Alternative scenario: the downside breakout of 22.78 would call for 22.05 and 21.61.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (23.42) but above its 50 period moving average (23.26).
Supports and resistances:
25.62 **
25.18 *
24.75 **
24.31
23.36 last
23.07
22.78 **
22.05 *
21.61 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-03-2025 at 08:52 UTC+1
Price reference: 23.36 last known on 09-03-2025 at 08:52 UTC+1
Investment horizon: INTRADAY
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