Synthesis
Pivot point : 37.40
Our preference : long position above 37.40 with targets at 42.70 & 44.60 in extension.
Alternative scenario : breaking 37.40, a continuation of the decline will be possible with 35.10 & 32.70 in sight.
Comment
The RSI is mixed with a bullish bias.
| Tendency | Calculated data | ||
|---|---|---|---|
| Technical advice | Positive | Price as of 01/22 | 41.65 |
| Basic trend | Neutral | Pivot | 37.40 |
| Bracket 1 | 37.40 | Additional distance 1 | 1.05 |
| Bracket 2 | 35.10 | Additional distance 2 | 2.95 |
| Resistance 1 | 42.70 | Additional variation 1 | +2.52% |
| Resistance 2 | 44.60 | Additional variation 2 | +7.08% |
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