Our pivot point stands at 62.1.
Our preference: our next up target stands at 65.4.
Alternative scenario: the downside breakout of 62.1 would call for 60.9 and 60.2.
Comment: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 62.9 and 63.1).
Supports and resistances:
66.8 **
66.1 *
65.4 **
64.6
63.2 last
62.6
62.1 **
60.9 *
60.2 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 10-03-2024 at 21:50 UTC+1
Price reference: 63.2 last known on 10-03-2024 at 21:50 UTC+1
Investment horizon: INTRADAY
TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf