Our pivot point stands at 298.3.
Our preference: as long as 298.3 is resistance look for 286.
Alternative scenario: the upside breakout of 298.3, would call for 303.1 and 305.9.
Comment: the RSI is below 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the price stands below its 20 and 50 period moving average (respectively at 295.3 and 295.9).
Supports and resistances:
305.9 **
303.1 *
298.3 **
296.5
294.6 last
288.8
286.0 **
283.2 *
280.3 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-15-2023 at 02:20 UTC+1
Price reference: 294.6 last known on 02-15-2023 at 02:20 UTC+1
Investment horizon: INTRADAY
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