Our pivot point stands at 393.0.
Our preference: the upside prevails as long as 393 is support.
Alternative scenario: the downside breakout of 393 would call for 387.2 and 383.8.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 396.2 and 395.9).
Supports and resistances:
415.3 **
411.9 *
408.4 **
405.0
397.9 last
395.2
393.0 **
387.2 *
383.8 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-28-2024 at 06:50 UTC+1
Price reference: 397.9 last known on 02-28-2024 at 06:50 UTC+1
Investment horizon: INTRADAY
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