Our pivot point is at 2657.
Our preference: target 2522.
Alternative scenario: above 2657, look for 2706 and 2735.
Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (2636) but above its 50 period moving average (2610).
Supports and resistances:
2735 **
2706 *
2657 **
2638
2619 last
2551
2522 **
2493 *
2464 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-29-2024 at 21:51 UTC+1
Price reference: 2619 last known on 10-29-2024 at 21:51 UTC+1
Investment horizon: INTRADAY
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