Our pivot point is at 162.61.
Our preference: Rebound
Alternative scenario: below 162.61, expect 162.07 and 161.75.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (163.15) but below its 50 period moving average (163.24).
Supports and resistances:
164.85 **
164.53 *
164.21 **
163.89
163.21 last
162.82
162.61 **
162.07 *
161.75 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 06-02-2025 at 16:33 UTC+1
Price reference: 163.21 last known on 06-02-2025 at 16:33 UTC+1
Investment horizon: INTRADAY
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