Our pivot point is at 197.74.
Our preference: our next up target stands at 199.26
Alternative scenario: below 197.74, expect 197.19 and 196.86.
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 is above its 20 and 50 period moving average (respectively at 198.16 and 198.19).
Supports and resistances:
199.91 **
199.59 *
199.26 **
198.93
198.25 last
197.96
197.74 **
197.19 *
196.86 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 07-29-2025 at 21:36 UTC+1
Price reference: 198.25 last known on 07-29-2025 at 21:36 UTC+1
Investment horizon: INTRADAY
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