Synthesis
Pivot point : 36.20
Our preference : long position above 36.20 with targets at 40.30 & 42.85 in extension.
Alternative scenario : in case of a break of 36.20, a continuation of the decline will be possible with 35.15 & 32.80 in sight.
Comment
A base of support at 36.20 formed and allowed temporary stabilization.
| Tendency | Calculated data | ||
|---|---|---|---|
| Technical advice | Positive | Course on 07/05 | 38.52 |
| Basic trend | Neutral | Pivot | 36.20 |
| Bracket 1 | 36.20 | Additional distance 1 | 1.78 |
| Bracket 2 | 35.15 | Additional distance 2 | 4.33 |
| Resistance 1 | 40.30 | Additional variation 1 | +4.62% |
| Resistance 2 | 42.85 | Additional variation 2 | +11.24% |
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