Our pivot point stands at 280.7.
Our preference: the upside prevails as long as 280.7 is support.
Alternative scenario: below 280.7, expect 275.6 and 272.5.
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 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 278.6 and 276.2).
Supports and resistances:
300.9 **
297.9 *
294.8 **
291.7
285.1 last
282.7
280.7 **
275.6 *
272.5 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-27-2022 at 11:16 UTC+1
Price reference: 285.1 last known on 09-27-2022 at 11:16 UTC+1
Investment horizon: INTRADAY
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