Synthesis
Our pivot point is located on : 0.582.
Our preference : bearish below 0.582.
Alternative scenario : exceeding 0.582, CGG could go to 0.62 and 0.643.
Comment
The RSI is below 50. The MACD is negative and below its signal line. The setup is bearish. Additionally, prices are below their 20 and 50 moving averages, currently located at 0.5858 and 0.6158. Finally, prices are currently below their lower Bollinger band (located at 0.5407).
| Tendency | Calculated data | ||
|---|---|---|---|
| Technical advice | Neutral | Price as of 01/11 | 0.53 |
| Basic trend | Bearish | Pivot | 0.58 |
| Bracket 1 | 0.46 | Additional distance 1 | – 0.07 |
| Bracket 2 | 0.44 | Additional distance 2 | – 0.09 |
| Resistance 1 | 0.58 | Additional variation 1 | -13.21% |
| Resistance 2 | 0.62 | Additional variation 2 | -16.98% |
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