Our pivot point is at 13.23.
Our preference: as long as 13.23 is support look for 14.35.
Alternative scenario: below 13.23, expect 12.81 and 12.55.
Comment: the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). 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 13.42 and 12.68).
Supports and resistances:
14.86 **
14.61 *
14.35 **
14.10
13.58 last
13.40
13.23 **
12.81 *
12.55 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-03-2025 at 02:09 UTC+1
Price reference: 13.58 last known on 12-03-2025 at 02:09 UTC+1
Investment horizon: INTRADAY
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