Our pivot point is at 16.23.
Our preference: under pressure below 16.23.
Alternative scenario: above 16.23, look for 16.70 and 16.98.
Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 15.91 and 15.92).
Supports and resistances:
16.98 **
16.70 *
16.23 **
16.04
15.85 last
15.24
14.96 **
14.68 *
14.40 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-28-2025 at 08:53 UTC+1
Price reference: 15.85 last known on 05-28-2025 at 08:53 UTC+1
Investment horizon: INTRADAY
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