Synthesis
Our pivot point is at : 0.397.
Our preference : bullish as long as 0.397 is not broken.
Alternative scenario : breaking 0.397, CGG could go to 0.361 and 0.34.
Comment
The RSI is above its neutral zone of 50. The MACD is above its signal line and negative. The MACD must exceed the zero line to validate a continuation of the increase. Additionally, prices are above their 20 and 50 moving averages (located at 0.425 and 0.4156 respectively).
| Tendency | Calculated data | ||
|---|---|---|---|
| Technical advice | Positive | Course on 09/05 | 0.44 |
| Basic trend | Bearish | Pivot | 0.40 |
| Bracket 1 | 0.40 | Additional distance 1 | 0.07 |
| Bracket 2 | 0.36 | Additional distance 2 | 0.09 |
| Resistance 1 | 0.51 | Additional variation 1 | +15.91% |
| Resistance 2 | 0.53 | Additional variation 2 | +20.46% |
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