Our pivot point is at 71.7.
Our preference: as long as 71.7 is support look for 75.2.
Alternative scenario: the downside breakout of 71.7 would call for 70.5 and 69.8.
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 73 and 72.2).
Supports and resistances:
76.6 **
75.9 *
75.2 **
74.5
73.0 last
72.2
71.7 **
70.5 *
69.8 **
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 10-29-2024 at 21:51 UTC+1
Price reference: 73.0 last known on 10-29-2024 at 21:51 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