Date : 9 March 2022
Pivot point : 40510
Our preference : the upside prevails as long as 40510 is support.
Alternative scenario : below 40510, expect 39270 and 38540.
Comment : the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (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 39583 and 39060).
Supports and resistances :
41498 – Last price
Warning : This information isn’t a buy-sell signal.
Source : Trading Central
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