Synthesis
Pivot point : 7530.00
Our preference : long position above 7530.00 with targets at 7703.00 & 7800.00 in extension.
Alternative scenario : in case of a break of 7530.00, a continuation of the decline will be possible with 7465.00 & 7280.00 in sight.
Comment
The RSI is mixed with a bullish bias. The index tests medium-term oblique resistance.
| Tendency | Calculated data | ||
|---|---|---|---|
| Technical advice | Positive | Course on 02/14 | 7,623.65 |
| Basic trend | Bullish | Pivot | 7,530.00 |
| Bracket 1 | 7,530.00 | Additional distance 1 | 79.35 |
| Bracket 2 | 7,465.00 | Additional distance 2 | 176.35 |
| Resistance 1 | 7,703.00 | Additional variation 1 | +1.04% |
| Resistance 2 | 7,800.00 | Additional variation 2 | +2.31% |
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