Synthesis
12.2 is our pivot point.
Our preference : bullish as long as 12.2 is support with a target of 14.8.
Alternative scenario : pressing 12.2 will trigger a return to 11.2 then 10.6.
Comment
The RSI is above its neutral zone of 50. The MACD is positive and below its signal line. A correction could occur. Furthermore, prices are below their 20 moving average (13.0987) but above their 50 moving average (12.2946).
| Tendency | Calculated data | ||
|---|---|---|---|
| Technical advice | Positive | Prices as of 05/01 | 13.06 |
| Basic trend | Bearish | Pivot | 12.20 |
| Bracket 1 | 12.20 | Additional distance 1 | 1.74 |
| Bracket 2 | 11.20 | Additional distance 2 | 2.34 |
| Resistance 1 | 14.80 | Additional variation 1 | +13.32% |
| Resistance 2 | 15.40 | Additional variation 2 | +17.92% |
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