Our pivot point stands at 19630.
Our preference: the upside prevails as long as 19630 is support.
Alternative scenario: the downside breakout of 19630 would call for 19030 and 18680.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 19916 and 19977).
Supports and resistances:
21910 **
21550 *
21190 **
20840
20100 last
19870
19630 **
19030 *
18680 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 09-02-2022 at 02:34 UTC+1
Price reference: 20100 last known on 09-02-2022 at 02:34 UTC+1
Investment horizon: INTRADAY
TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf