Date : 12 December 2022
Pivot point : 17210
Our preference : the downside prevails as long as 17210 is resistance.
Alternative scenario : above 17210, look for 17580 and 17800.
Comment : the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 17005 and 17103).
Supports and resistances :
16927 – Last price
Warning : This information isn’t a buy-sell signal.
Source : Trading Central
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