3389 is our pivot point.
Our preference: target 3175.
Alternative scenario: the upside breakout of 3389, would call for 3462 and 3506.
Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (3358) but above its 50 period moving average (3293).
Supports and resistances:
3506 **
3462 *
3389 **
3360
3328 last
3218
3175 **
3131 *
3088 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 01-31-2025 at 21:54 UTC+1
Price reference: 3328 last known on 01-31-2025 at 21:54 UTC+1
Investment horizon: INTRADAY
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