Our pivot point stands at 3663.
Our preference: rebound towards 3916.
Alternative scenario: the downside breakout of 3663 would call for 3568 and 3511.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (3728) but under its 50 period moving average (3750).
Supports and resistances:
4029 **
3973 *
3916 **
3859
3738 last
3700
3663 **
3568 *
3511 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-22-2024 at 22:13 UTC+1
Price reference: 3738 last known on 05-22-2024 at 22:13 UTC+1
Investment horizon: INTRADAY
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