Synthesis
Pivot point : 7742.00
Our preference : long position above 7742.00 with targets at 7800.00 & 7840.00 in extension.
Alternative scenario : breaking 7742.00, a continuation of the decline will be possible with 7716.00 & 7692.00 in sight.
Comment
The RSI is bullish and argues for continued progression.
| Tendency | Calculated data | ||
|---|---|---|---|
| Technical advice | Positive | Course on 02/16 | 7,786.42 |
| Basic trend | Bullish | Pivot | 7,742.00 |
| Bracket 1 | 7,742.00 | Additional distance 1 | 13.58 |
| Bracket 2 | 7,716.00 | Additional distance 2 | 53.58 |
| Resistance 1 | 7,800.00 | Additional variation 1 | +0.17% |
| Resistance 2 | 7,840.00 | Additional variation 2 | +0.69% |
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