Our pivot point is at 163.84.
Our preference: as long as 163.84 is resistance look for 162.29
Alternative scenario: above 163.84, look for 164.39 and 164.72.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the price stands above its 20 period moving average (163.23) but below its 50 period moving average (163.44).
Supports and resistances:
164.72 **
164.39 *
163.84 **
163.62
163.28 last
162.62
162.29 **
161.96 *
161.63 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-30-2025 at 19:09 UTC+1
Price reference: 163.28 last known on 05-30-2025 at 19:09 UTC+1
Investment horizon: INTRADAY
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