596.0 is our pivot point.
Our preference: the downside prevails as long as 596 is resistance.
Alternative scenario: above 596, look for 612.7 and 622.6.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 590.1 and 587).
Supports and resistances:
622.6 **
612.7 *
596.0 **
589.5
582.7 last
562.2
552.2 **
542.3 *
532.4 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 04-09-2024 at 04:29 UTC+1
Price reference: 582.7 last known on 04-09-2024 at 04:29 UTC+1
Investment horizon: INTRADAY
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