657.3 is our pivot point.
Our preference: the upside prevails as long as 657.3 is support.
Alternative scenario: the downside breakout of 657.3 would call for 645.3 and 638.1.
Comment: the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 657.3 and 653.6).
Supports and resistances:
703.2 **
696.0 *
688.8 **
681.6
666.9 last
662.1
657.3 **
645.3 *
638.1 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-21-2025 at 15:01 UTC+1
Price reference: 666.9 last known on 02-21-2025 at 15:01 UTC+1
Investment horizon: INTRADAY
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