Our pivot point is at 9.00.
Our preference: the upside prevails as long as 9 is support.
Alternative scenario: below 9.00, expect 8.83 and 8.74.
Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 8.99 and 8.92).
Supports and resistances:
9.52 *
9.42 **
9.32
9.13 last
9.00 **
8.83 *
8.74 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-06-2026 at 04:08 UTC+1
Price reference: 9.13 last known on 05-06-2026 at 04:08 UTC+1
Investment horizon: INTRADAY
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