Our pivot point is at 13.22.
Our preference: the downside prevails as long as 13.22 is resistance.
Alternative scenario: the upside breakout of 13.22, would call for 13.63 and 13.87.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 12.97 and 12.92).
Supports and resistances:
13.87 **
13.63 *
13.22 **
13.06
12.90 last
12.42
12.18 **
11.94 *
11.70 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-02-2025 at 10:43 UTC+1
Price reference: 12.90 last known on 12-02-2025 at 10:43 UTC+1
Investment horizon: INTRADAY
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