Our pivot point stands at 81.9.
Our preference: as long as 81.9 is support look for 86.3.
Alternative scenario: the downside breakout of 81.9 would call for 80.4 and 79.5.
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 trading under its 20 period moving average (83.7) but above its 50 period moving average (82.7).
Supports and resistances:
88.1 **
87.2 *
86.3 **
85.3
83.3 last
82.5
81.9 **
80.4 *
79.5 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-15-2024 at 21:52 UTC+1
Price reference: 83.3 last known on 11-15-2024 at 21:52 UTC+1
Investment horizon: INTRADAY
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