Our pivot point stands at 348.6.
Our preference: the upside prevails as long as 348.6 is support.
Alternative scenario: the downside breakout of 348.6 would call for 342.3 and 338.6.
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 353.9 and 353.1).
Supports and resistances:
376.5 **
372.7 *
368.9 **
365.2
354.1 last
351.0
348.6 **
342.3 *
338.6 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-20-2024 at 10:44 UTC+1
Price reference: 354.1 last known on 02-20-2024 at 10:44 UTC+1
Investment horizon: INTRADAY
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