Our pivot point stands at 593.5.
Our preference: as long as 593.5 is support look for 641.2.
Alternative scenario: the downside breakout of 593.5 would call for 575.7 and 565.1.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 607.3 and 603.8).
Supports and resistances:
662.5 **
651.9 *
641.2 **
630.6
608.1 last
600.5
593.5 **
575.7 *
565.1 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 04-24-2024 at 10:48 UTC+1
Price reference: 608.1 last known on 04-24-2024 at 10:48 UTC+1
Investment horizon: INTRADAY
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