Date : 27 September 2022
Pivot point : 19750
Our preference : the upside prevails as long as 19750 is support.
Alternative scenario : the downside breakout of 19750 would call for 19330 and 19090.
Comment : the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 19408 and 19164).
Supports and resistances :
20123 – Last price
Warning : This information isn’t a buy-sell signal.
Source : Trading Central
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