Our pivot point is at 199.36.
Our preference: look for a drop towards 199.36 before a bounce
Alternative scenario: below 199.36, expect 198.92 and 198.66.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is below its 20 period moving average (199.78) but above its 50 period moving average (199.76).
Supports and resistances:
201.07 **
200.81 *
200.55 **
200.29
199.76 last
199.53
199.36 **
198.92 *
198.66 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-19-2025 at 01:15 UTC+1
Price reference: 199.76 last known on 08-19-2025 at 01:15 UTC+1
Investment horizon: INTRADAY
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