Our pivot point is at 17.03.
Our preference: target 16.05.
Alternative scenario: above 17.03, look for 17.41 and 17.64.
Comment: the RSI is below its neutrality area at 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 its 20 period moving average (16.80) but above its 50 period moving average (16.62).
Supports and resistances:
17.64 **
17.41 *
17.03 **
16.88
16.73 last
16.28
16.05 **
15.83 *
15.60 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 06-14-2025 at 08:47 UTC+1
Price reference: 16.73 last known on 06-14-2025 at 08:47 UTC+1
Investment horizon: INTRADAY
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