Our pivot point is at 48.0.
Our preference: as long as 48 is support look for 51.9.
Alternative scenario: below 48.0, expect 46.4 and 45.5.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 49 and 48.5).
Supports and resistances:
53.8 **
52.8 *
51.9 **
51.0
49.2 last
48.6
48.0 **
46.4 *
45.5 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 07-14-2022 at 06:43 UTC+1
Price reference: 49.2 last known on 07-14-2022 at 06:43 UTC+1
Investment horizon: INTRADAY
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