Our pivot point is at 3216.
Our preference: the upside prevails as long as 3216 is support.
Alternative scenario: below 3216, expect 3158 and 3123.
Comment: the RSI is above its neutrality area at 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 3252 and 3247).
Supports and resistances:
3436 **
3401 *
3367 **
3332
3262 last
3239
3216 **
3158 *
3123 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-28-2024 at 06:51 UTC+1
Price reference: 3262 last known on 02-28-2024 at 06:51 UTC+1
Investment horizon: INTRADAY
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