Synthesis
Pivot point : 17.50
Our preference : short position below 17.50 with targets at 16.10 & 15.55 in extension.
Alternative scenario : above 17.50, aim for a continuation of the increase with 18.50 & 19.00 in your sights.
Comment
The RSI is below its neutrality zone of 50%.
| Tendency | Calculated data | ||
|---|---|---|---|
| Technical advice | Neutral | Prices on 12/29 | 16.60 |
| Basic trend | Neutral | Pivot | 17.50 |
| Bracket 1 | 16.10 | Additional distance 1 | – 0.50 |
| Bracket 2 | 15.55 | Additional distance 2 | – 1.05 |
| Resistance 1 | 17.50 | Additional variation 1 | -3.01% |
| Resistance 2 | 18.50 | Additional variation 2 | -6.33% |
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