Date : 28 March 2022
Pivot point : 45860
Our preference : as long as 45860 is support look for 49440.
Alternative scenario : below 45860, expect 44460 and 43630.
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 below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 46493 and 45418).
Supports and resistances :
46951 – Last price
Warning : This information isn’t a buy-sell signal.
Source : Trading Central
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