Our pivot point is at 3995.
Our preference: target 3723.
Alternative scenario: the upside breakout of 3995, would call for 4094 and 4154.
Comment: the RSI is below 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 (3922) but above its 50 period moving average (3899).
Supports and resistances:
4154 **
4094 *
3995 **
3956
3901 last
3782
3723 **
3664 *
3605 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-27-2024 at 22:09 UTC+1
Price reference: 3901 last known on 05-27-2024 at 22:09 UTC+1
Investment horizon: INTRADAY
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