Our pivot point stands at 509.0.
Our preference: as long as 509 is support look for 534.9.
Alternative scenario: the downside breakout of 509 would call for 498.9 and 492.9.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 516.2 and 509.4).
Supports and resistances:
546.9 **
540.9 *
534.9 **
528.9
516.9 last
512.9
509.0 **
498.9 *
492.9 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 07-10-2024 at 03:08 UTC+1
Price reference: 516.9 last known on 07-10-2024 at 03:08 UTC+1
Investment horizon: INTRADAY
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