Synthesis
Pivot point : 33.20
Our preference : long position above 33.20 with targets at 38.60 & 40.50 in extension.
Alternative scenario : in case of a break of 33.20, a continuation of the decline will be possible with 31.20 & 29.20 in sight.
Comment
The RSI is arguing for a new upward leg.
| Tendency | Calculated data | ||
|---|---|---|---|
| Technical advice | Positive | Course on 08/02 | 37.24 |
| Basic trend | Neutral | Pivot | 33.20 |
| Bracket 1 | 33.20 | Additional distance 1 | 1.36 |
| Bracket 2 | 31.20 | Additional distance 2 | 3.26 |
| Resistance 1 | 38.60 | Additional variation 1 | +3.65% |
| Resistance 2 | 40.50 | Additional variation 2 | +8.75% |
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