4242 is our pivot point.
Our preference: rebound.
Alternative scenario: the downside breakout of 4242 would call for 4132 and 4066.
Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (4312) but under its 50 period moving average (4346).
Supports and resistances:
4657 **
4592 *
4526 **
4461
4328 last
4285
4242 **
4132 *
4066 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-05-2025 at 06:03 UTC+1
Price reference: 4328 last known on 09-05-2025 at 06:03 UTC+1
Investment horizon: INTRADAY
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